Author: Timothy Crisafulli

Every parent should have an estate plan. Without one, courts determine who will care for surviving children. Assets, no matter how significant, may pass to unintended people. Beneficiaries who inherit money at too young an age risk losing it because they are not yet emotionally or financially savvy enough to manage it. In families with children with special needs, the stakes are higher. If a person with special needs inherits assets directly, government benefits may be at risk. For example, if a person receives a resource-based benefit, one that is available only if his or her income and assets are…