Providing for the future of special needs adults requires careful planning, including setting up a special needs trust to protect their benefits and ensure their well-being after their parents are gone. This involves assembling a team of experts, including an attorney, accountant, investment advisor, and trustee, to manage the trust and make decisions on behalf of the adult child. The parents also need to consider their own long-term care and plan for the possibility of incapacitation, as well as explore alternative options such as the ABLE account and life care plan.
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