A Special Needs Trust is a trust that can supplement the needs of a special needs beneficiary while allowing the beneficiary to maintain his or her governmental benefits, including Supplemental Security Income (SSI), Social Security and Medicaid.
Estate planning is for every husband, wife, mother, father, grandparent, business owner, professional, or anyone else who has someone they care about, are concerned about providing responsibly for their own well being and for the well being of those they love, and for anyone who seeks to make a difference in the lives of others after they’re gone.
Probate is a court-supervised process for distributing the individually owned assets of a deceased person. Assets are distributed to beneficiaries in accordance to the instructions written in the person’s will, or according to Texas law if the person died without a will.
Guardianship is a legal process with a court-created relationship between a person who needs help (“proposed ward” or “ward”) and the person who gives help (“guardian”). A court decides if the person is not able to manage their personal or financial affairs due to a physical or mental condition.