Anthony wrote:
> My wife and I are 90 and living in Orlando, Fl
> I have a son who is disabled (50) and lives in subsidized housing in
> Massachusetts.
Anthony, I'd strongly suggest speaking with an estate planning attorney
who is familiar with your type of case, it's a specialized area of law.
A big issue here is the effect of any inheritance on disability benefits
and other sup****t that your son might currently qualify for. You may
have looked into this already, but there is an estate-planning method
called a "Special Needs Trust" that is used in this context. The purpose
of an SNT is to pass assets to a disabled beneficiary without
disqualifying them from their disability benefits. As part of that you
can include planning to address the estate administration - as someone
posted that's something to consider also, the probate of a FL estate,
given that your son is in MA.
Ideally you want someone that knows both MA & federal benefits law and
FL probate law...a Boston-based snowbird?
-Tad
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.
|
