The Special Needs Trust: Estate Planning for Grandparents, Parents & Families with Special Needs Children
Adult Enrichment / Personal Finance -
One Should Ask: Is it better to have a formal plan in place, or leave things to future family dynamics and the ever changing benefit system?
Did you know with proper planning, both while they are alive and after they have passed, grandparents, parents and family can take care of a child, grandchild or family member with special needs in their estate plan? Yes, and such planning will not adversely affect the benefits and programs which the person with special needs has available to them! This class will discuss how to properly protect your assets and provide for the future benefit of the loved one with special needs. Whatever the type of the asset (tangible, income producing or other) there are options you should know. We will discuss how the special needs trust fits into your estate planning, planning for the future of your loved one with special needs, and pros and cons of a special needs trust.
Steve is a founding member and partner of Blaney & Ledin. Ltd., a small business and estate planning focused law firm based in the east metro area. Steve cut his legal teeth with his start in the legal profession at Moore, Costello & Hart PLLP, a twin cities based law firm that laid claim to being the oldest law firm in the State of Minnesota, founded in 1855. In 2007, Steve and his fellow law firm partner Jim Blaney formed Blaney & Ledin to enhance their specialization and representation of the legal interests their small business and estate planning clients.
Steve practices extensively in the areas of estate planning and corporate transactional law and provides legal advice to startup and developing companies, as well as mature small to medium sized companies. His services in estate planning services cover a wide spectrum of clients varying in estate size, value, and complexity from young couples starting a life together, up to large well-established estates of significant value and complexity. In the transactional business area he provides services on a wide variety of legal matters including business formation; mergers and acquisitions; buy-sell agreements; contract review and negotiation, real estate purchasing/leasing; and business succession. He works with dozens families and active businesses of a wide variety on a daily and weekly basis.
In addition to Steve’s skill, expertise and experience as a business attorney, his entrepreneurial spirit and extensive business operational experience also serves as a draw for his clients. Steve’s entrepreneurial experience began in the 1980s with his extensive Burger King operations. In fact, it was his Burger King business experiences that triggered the desire to attend law school at William Mitchell College of Law. Steve graduated with a Juris Doctor (Magna Cum Laude) in 1997, after graduating from Saint Cloud State University and Macalester College with a Bachelor of Arts-Political Science (Summa Cum Laude).
Today, Steve is the owner/proprietor of a number of active businesses and is the proud Co-Founder and Chair of the Board of Lowertown Hospitality Group, a restaurant holding company that includes Red Savoy Pizza franchises.
Steve serves on the boards of a number of closely held companies and Minnesota non-profit corporations. Steve is an active participant in numerous associations and organizations including the Midway Chamber of Commerce, East Side Area Business Association, Small Business Connections, TouchPoint Resource Pool, as well as state and local professional and trade organizations.
Steve lives in the east metro area with his wife Dawn, a professional florist, and his 13 year old black lab Bob.