Life Care Planning
Proper estate planning can create a meaningful difference in your son or daughter’s life in the future. Proper financial planning ensures that healthcare costs and disability-related behaviors or circumstances (including debt) do not threaten the assets a parent wishing to plan for a disabled adult child. Our consultations and life care plans provide this opportunity
O’Connor Associates, LLC specializes in helping families ensure that adult children with disabilities receiving SSDI, SSI, or private disability insurance do not lose those entitlements as a result of parental assets. Most families are unaware that state Medicaid rules and the Social Security Act legally allow them to establish Special Needs Trusts to set aside assets so their children can have a higher quality of life than if living only on a fixed income of entitlements---and these assets are not subject to a ‘spend down’ for Medicaid eligibility.
