A parent is seeking guidance on how to manage a $1.3 million estate for their son, who suffers from a serious genetic disease and has no spouse or children.
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I’m surprised this wasn’t addressed earlier, but legal counsel specializing in disabilities is absolutely crucial here. Do not skip it.
Does the estate need to cover long-term care costs? That could significantly change how you allocate that $1.3 million.
This is incredibly difficult. My heart goes out to both of you navigating such a complex legal and emotional landscape.
Have you considered setting up a Special Needs Trust? It protects his benefits while ensuring he has funds for extras.