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Read moreHow Do I Leave Money to My Disabled Daughter and Make Sure Her Husband Does Not Have Access to It?
- May 25th, 2018
Q
My daughter, 67, is disabled and I would like whatever assets I have on my death to go to her to be used for her comfort, food, and welfare. My only problem is her husband. I do not want him to have access to or inherit any of this money. Also, in case I need the money before my death, I want to be able to use it. Can I do an amendment to my will?
A
The solution is for you to leave everything in trust for your daughter. That way it will be protected from your daughter’s husband and also not affect her eligibility for public benefits. The problem is that both creating and managing an individual trust can be expensive in relation to the amount of money involved. Rather than an individual trust, it probably makes sense to sign up with a non-profit organization that manages trusts for many beneficiaries (these are called "pooled trusts"), usually at a lower cost than that charged by lawyers and professional trustees. You can find a list of organizations providing this service here: https://specialneedsanswers.com/pooled-trust.
Local Elder Law Attorneys in Ashburn, VA
Jeffrey Hammond
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
Bethesda, MD
Meet Ron Landsman
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Ron Landsman
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...
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Meet John Laster
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John Laster
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...
(703) *** ****
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Meet Jeffrey Hammond
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Jeffrey Hammond
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
(301) *** ****
Tell us about your legal issue and we will put you in touch with Jeffrey Hammond.
