Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Internet Search
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Forums
Parent Support Forums
Substance Abuse
How are you handling your will
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="overcome mom" data-source="post: 739581" data-attributes="member: 23328"><p>We did a special needs trust that will be administer by a bank. We have my husband's sister and then her kids as consultants of the trust. They will handle all of our personal belongings at the time of death and then the money from our accounts and the sale of our things will go into the trust. My son will get and initial $5,000 and then $1,500 a month. This amount increases 3% a year. We also put in provisions of how much he is to get if he is incarcerated and how much he will get upon release. We didn't want family to have to dole out the money as he would be hounding them constantly. If he has health problems or wants mental health treatment he can use it for that but it is be paid directly to the person/place. With a special needs trust he can still receive SSI if he qualifies. I can not imagine him ever doing well with money. This way at least he will have something. I had a brother who had drug problems when my parents died. He put in the will that he had to have so many clean drug tests and then he could get the money. I am happy to say he did get the money and bought a house. He has had a few relapses but has done fairly well from when he was using. Has kept a job and has been married about 18 years. He did miss when we were splitting up family items but he has never said anything about it.</p></blockquote><p></p>
[QUOTE="overcome mom, post: 739581, member: 23328"] We did a special needs trust that will be administer by a bank. We have my husband's sister and then her kids as consultants of the trust. They will handle all of our personal belongings at the time of death and then the money from our accounts and the sale of our things will go into the trust. My son will get and initial $5,000 and then $1,500 a month. This amount increases 3% a year. We also put in provisions of how much he is to get if he is incarcerated and how much he will get upon release. We didn't want family to have to dole out the money as he would be hounding them constantly. If he has health problems or wants mental health treatment he can use it for that but it is be paid directly to the person/place. With a special needs trust he can still receive SSI if he qualifies. I can not imagine him ever doing well with money. This way at least he will have something. I had a brother who had drug problems when my parents died. He put in the will that he had to have so many clean drug tests and then he could get the money. I am happy to say he did get the money and bought a house. He has had a few relapses but has done fairly well from when he was using. Has kept a job and has been married about 18 years. He did miss when we were splitting up family items but he has never said anything about it. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Parent Support Forums
Substance Abuse
How are you handling your will
Top