The law assumes that every adult is capable of taking decisions for themselves. When a disability or medical condition renders a person incapable of making sound decisions, a trusted loved one may need to establish a guardianship to obtain the legal authority to make important decisions on that person’s behalf.
By establishing a guardianship, you can gain control over financial matters such as bank accounts and rent, and medical issues such as doctor visits and medication. Without having a guardianship in place, you may not legally be able to make those decisions and provide the care your loved one needs.
Special Needs Trusts
Special needs trust or supplemental needs trust is a valuable legal instrument for providing money and assets to a person with special needs. By establishing such a trust, you can provide the trust beneficiary with money and gifts without affecting their eligibility for means-tested government benefits.
By establishing a special needs trust, you can help your loved one enjoy simple but life-enriching items and activities that might otherwise lie out of their reach.