When a Gift Can Cause More Harm Than Good: Planning for Those with Special Needs
Posted by sellsadmin
It’s been said that no good deed goes unpunished. This can ring true for those setting up estate plans for their family… even with the best intentions in mind. Who knew that drafting an estate plan, which leaves money to your beneficiaries, could actually do more harm than good to some of them? This exact scenario can arise from time to time when your beneficiary is receiving government aid or benefits, such as Social Security or Medicaid, because of a special need or a handicap. Careful estate planning must be considered in these situations.