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Special Needs Trust

4/29/2009
James P. Shields
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Planning for your autistic child’s future can bring peace of mind

Planning for the future takes on special meaning when parents are caring for an autistic child.  And these days, more and more parents are doing just that.  According to the CDC 1 in 150 children are being diagnosed with autism in the United States, and 1 in 94 are boys.

 

This April was Autism Awareness Month, a great time to focus on the importance of using estate planning tools to prepare for an autistic child’s future.  While some autistic children will grow up and be able to care for themselves as a part of mainstream society, many will not.

 

According to a poll conducted last year, nearly three-quarters of parents with autistic children worry that their children will not have enough financial support once the parents pass away.  Compounding these worries is the fact that caring for an autistic child can drain a family’s financial resources, making it difficult to save for the future.

 

An experienced estate planning attorney can work with you to ensure that the assets you do have are protected and that your child’s future is secure.  Not only will your child be provided for, but your assets can be managed in such a way that your child does not become ineligible for government aid.



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