Creating a Safety-Net for a Child with Special Needs
March 14th, 2013
It is a great privilege in our practice to work with the parents of special needs children, as it is a genuine pleasure to help protect the future care and well-being of a vulnerable child. When a child with special challenges is born, special needs asset planning is often the last issue parents contemplate, but it can also be one of the most important. As this wonderful article notes, careful planning, from the time the child is born, helps families balance saving for continuing care of a special needs child while still providing for another child’s future. A good plan maps out available government benefits and potential out-of-pocket costs for care over a lifetime, and a Special Needs Trust is crucial to its ultimate success.
To learn more, read http://online.wsj.com/article/SB10000872396390444025204577544903956302684.html, and if you need assistance with a Special Needs Trust for your child, call us. We’d love to help.