It is impossible to predict the future, but there are certain steps a person can take to have legal and financial protections in place. Through wills and other estate planning documents, a person can outline wishes, plan for future medical needs and even make plans to care for loved ones. No two estate plans are the same, and women sometimes have different needs than men.
The sandwich generation is becoming a very popular term in the 21st century in California and elsewhere in the country. It refers to baby-boomers who are attempting to tend to the needs of adult children, aging parents and their own impending retirement years all at the same time. Needless to say, this generation is spread very thin across these three tasks. One area that may require extra attention is protecting the estate assets of their aging parents.
Estate planning in California can be complex and tricky in the best of situations but it takes on added gravity when a child with special needs is involved. A couple of different variables come into play when one is protecting assets in the interest of long-term care for a special needs child. There are options that can simplify the situation.