Aging parents of disabled children are right to be concerned about how their child will be taken care of once they’ve died. And because a reported 12 percent of the American population has either a severe mental or physical disability, these parents are not alone with their worries. A new story from The Wall Street Journal suggests a number of ways that parents can prepare their children financially for their passing.
“Strapped state and local governments are tightening income restrictions for medical benefits and supportive services, which are typically paid for by Social Security and Medicaid,” says the WSJ. Those services are tough to find—or afford—in the private sector for many adults with disabilities so severe that they can’t live alone, parents and advocates say.”
The WSJ points to longterm solutions to problems that families face with regard to housing, long-term care, and inheritance for their disabled heir. For instance, the news source highlights a growing trend of two or more families pooling their resources and placing their two disabled relatives in a home together.
Do you think that there needs to be more resources to help parents of disabled persons?
If you need help with your Social Security Disability payments, contact the Social Security Disability lawyers at Fleschner, Stark, Tanoos & Newlin.
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The financial burden that often comes with a serious injury can be too much for many people to bear. Unexpected medical debt, damaged personal property, and the sudden loss of income can impact the budgets of most families. The good news is that a successful injury claim could help reduce that financial strain after a serious accident. Get in touch with a Terre Haute personal injury lawyer with Fleschner, Stark, Tanoos & Newlin to learn more.
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