Courtesy ofBelvedere Wealth Partners
The short answer is yes, but the longer answer is more complicated. Car ownership in the context of someone with special needs is not a simple proposition.
While a guardian can support the protected person by making important decisions, in some cases, an individual may wish to change or dissolve the arrangement.
Many caregivers put their needs last, often giving up income to step into a caregiving role. As a result, they may suffer quality of life and financial and health issues.
People living with a disability have the right to engage in full-time, part-time work, or self-employment.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.