Episode 74 - How to Take Care of a Special Needs Child in Retirement Using Special Needs Trusts

Over the past few years, we've had several clients that have kids with special needs. They’ve been taking care of them over their lifetimes, and they wonder how they can continue to provide support for their adult children (or other family members) with special needs when they’re physically unable to as they age, or after they pass away. Many of us may have heard about Special Needs Trusts but what should we know about them and some of the pros and cons of using them in these sorts of cases? That’s what this episode is all about!
Today's guest focuses her legal practice at Rudman Winchell on estate planning and probate litigation. She assists individuals and families with estate planning, wealth transfers, trust and estate administration, guardianship and conservatorship, and other probate matters. She is dedicated to developing creative plans and finding practical solutions to her client's legal issues, and she’s here today to help us better understand Special Needs Trusts. Please welcome Kristy Hapworth to the Retirement Success in Maine Podcast!