Chayet & Danzo, LLC

Call for a Free Initial Consultation

Direct 303-872-5980
Toll-Free 888-472-1088
Email Us

COVID-19 NOTICE:

After careful review of the COVID-19 environment, the law firm of Chayet & Danzo, LLC, will be conducting in-person appointments in our offices on a limited basis and with strict social distancing protocols.

During this time, our team will continue to diligently work remotely on all client matters and will maintain communication through email, telephone, and video conferencing. Our main office number, (303) 355-8500 will continue to be answered during our normal business hours of 8:00 a.m. to 5 p.m. Monday – Thursday and 8:00 a.m. to 4:00 p.m. on Fridays.

This decision to have limited appointments in-office while following strict social distancing protocols is in the best interest and health of our team, clients and community.

We will continue accepting new clients during this period as well as fully servicing our existing clients.

We wish you and your family continued health during these unique and challenging times.

Compassion, talent and dedication:
guiding colorado families and Their Trusted Advisors During Times of Need

How would a special needs trust benefit my child?

| Jan 11, 2021 | Trusts |

If you have a child with special needs, you need to take extra steps to ensure that they will be well cared for if you die or become incapable of looking after them. While this is important for any parent, the fact your child may need assistance for the rest of their life makes it imperative in your case.

Failing to plan could have severe financial consequences

Looking after someone with special needs requires time and energy. There may come the point when you need to pay someone to do this, and it will not be cheap. While there is government aid available to fund this, you or your child will end up paying yourselves if it is determined that you have the means to do so. These expenses could drain your resources, leaving nothing for you and the rest of your family.

The money you put in to a special needs trust will not be counted by government agencies when assessing benefits claims. It allows your child to obtain financial help. Remember that someone with special needs might not have the same ability to earn a living. They will need this help to fund their life.

A special needs trust protects your child’s future

By putting money destined for your child in to a special needs trust, you prevent creditors from claiming it. You can also set rules for the trustee to manage the money after you are not around to help them. A special needs trust can be a crucial part of an overall estate plan that protects you, your child with special needs and the rest of your family.

Archives

Co-Counsel Services for
settling of Personal Injury and Divorce Cases

Read More

Important intake forms

Prepare for your Meeting

Our Elder Law & Estate Planning Blog

Read Weekly Updates

Join our mailing list

Sign up here

FindLaw Network