We covered the different types of special needs trusts and how Michigan special needs trusts work. For example, through proper planning we can
- Protect eligibility for governmental benefits
- Provide a higher quality of life
- Provide a framework for care and management of assets
- Allow parents to express their desires for care and development of their special needs child
- Protection from creditors and predators
- Extend the life of the asset
- Disinheriting their special needs child
- Relying on other children to care for their special needs child
- Failing to provide privacy for their child with special needs
- Choosing the wrong Trustee for their Michigan special needs trust
- Choosing the wrong professionals to advise them
-Christopher J. Berry, Esq.
Michigan Estate Planning Lawyer