Plan Management

The Final Piece in the Estate Planning Process


After you have completed the previous steps, you need to review this plan with your selected successors.
Keep an accessible file of your important papers of your estate, tell your successors where this information is located and annually review your plan with the professionals at Disability Planning Specialists to assure yourself that the plan is still going to accomplish what you wanted.

The objective of the Life Planning Portfolio is to put all important information
and documents regarding your family member with a disability and yourself in one easy-to-find
location.
This will save a lot of time and frustration for your successors. A 3-ring binder with plastic page protectors is excellent for a Life Planning Portfolio.

Items to include are:

  • The completed Letter of Intent (which should be reviewed and updated annually)
  • Copies of the family member's birth certificate, Social Security card and health card
  • Guardianship or conservatorship papers
  • A copy of their most recent Medicaid application
  • Information on the government agency you may have worked with and a copy of the case worker's card; names and phone number of contact persons at the various agencies you work with
  • A picture of the family member with a disability
  • Copies of admission papers for schools, camps, etc
  • IEP (Individual Education Plan) or other evaluations and plans
  • Any other valuable information.

The trustee’s items should include:

  • Copies of your Wills and Supplemental Needs Trust
  • Copies of your Power of Attorney, Durable Power of Attorney and your Health Care Directive
  • A record of all assets in the trust
  • Copies of your recent tax return
  • Your Social Security card(s); birth, marriage, and divorce records
  • A family portrait and any other documents that will assist the transition from you to the
    successor trustee
  • Finally, place the Planning Portfolio in a location where your successors know it is and where it is readily available to them.

It is important to meet with your successors as soon as possible after
you have completed your planning.
You will want to explain to them your Comprehensive Life Plan and detail their duties and your expectations. Show them where you will be keeping your Life Planning Portfolio and other pertinent information. Also, notify friends and relatives of your Supplemental Needs Trust, so that if they want to leave a gift or inheritance to your family member with a disability, they need to leave it in the trust.

On an annual basis, review your plan to assure that all of your objectives
are being met.
Update the Letter of Intent and re-evaluate your successors. Have some of them died, moved away or indicated a lack of interest? Review your funding goals to assure everyone that they are still realistic and change any legal documents as needed.

Finally, relax. You can now be assured that you have done as much as is possible
to assure that your family member with a disability will have an excellent quality of life
even when you are no longer here to help provide it for them.