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Special Needs Trust
- IMPORTANT REPORT EVERY SPECIAL NEEDS FAMILY MUST KNOW ABOUT ESTATE PLANNING
- Planning for your autistic child’s future can bring peace of mind
- Five estate planning mistakes made by parents with special needs children
- Could you benefit from a Special Needs Trust?
News
- Many special needs children lack plans for lifetime of care...
Posted on 4/17/2009 - Importance of Special Needs Trusts Highlighted by Non-Profit...
Posted on 3/4/2009
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Special Needs Trust
- Part 11 of 12 - Facts Every Special Needs Family Must Know About Estate Planning
- Part 12 of 12 - Facts Every Special Needs Family Must Know About Estate Planning
- Part 9 of 12 Facts Every Special Needs Family Must Know About Estate Planning
- Part 7 of 12 - Facts Every Special Needs Family Should Know About Estate Planning
- Part 8 of 12 - FACTS EVERY SPECIAL NEEDS FAMILY MUST KNOW
News
Many special needs children lack plans for lifetime of care
Posted on Apr 17, 2009
Raising a child with special needs can be challenging for parents, so much so that they may neglect other areas of their life. One area that is often overlooked is planning for the future, something that can ultimately be detrimental to the well-being of a special needs child.
With approximately 2.6 million children in the United States classified as special needs, long-term plans for their care is critical to not only the individual children but to the country. Without adequate forethought, after the death of caregivers or parents there might be nobody left but the government to care for the special needs individual.
A survey by The Hartford found that 62% of parents with a special needs child had no plan for the future care of their child. In addition, parents who had made plans often made mistakes that could disqualify their child from receiving government assistance.
The study highlights the importance of consulting with professionals about special needs trusts, life insurance policies, financial plans, and other estate planning activities that can be used to preserve a secure future for a special needs child.
Read More About Many special needs children lack plans for lifetime of care...
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