Estate planning is an obvious concern for all parents, but if you have a child with special needs, it’s crucial that you are aware of the unique considerations that go into planning for a child who may be dependent on you at some level for their lifetime. If your child has special needs, you must understand exactly what’s necessary to provide for the emotional, physical, and financial needs of your child, in the Read More
Create a Special Needs Trust to Protect the Financial Future of Your Child with Special Needs
I am always surprised when the parents of a child with special needs tell me that they were not aware of what they needed to do to ensure the future well-being and care of their child. Often, they tell me they didn’t know they needed to do anything at all. If that’s you, and you have a child with special needs at home, this is for you (or, if you have friends or family who have a child with special needs, please Read More
Three Health Care Documents You Need to Include in Your Estate Plan
Decisions about your health care are some of the most important you will ever make. Don’t put off making plans until you are unable to assert your wishes. Including health care documents in your estate plan can ensure your decisions are always your choice, even if you cannot speak for yourself. Health care documents that clearly state your wishes should be included in your comprehensive estate plan. Here are three Read More
How to Plan for the Long-Term Care of a Special Needs Child
Parents of special needs children are naturally concerned about how that child will get the care he or she needs after they are gone. There are several ways to plan for the care of a long-term disabled heir, including: Special Needs Trust – A special needs trust can be established by a parent or grandparent for the care of a child or grandchild of any age in lieu of leaving an inheritance, which would likely Read More
