Jan 15, 2011

Special Needs Planning: Future Needs

Planning for the Future:

Once an initial assessment of the situation is complete, the care and well being of children (be they minor or adult) who are mentally, physically or developmentally disabled can be greatly enhanced by your planning in areas such as:

Legal Planning  How will your estate be distributed when you die? Who will care for your special needs child when you're no longer able to do so? How can your estate be arranged to provide for your child, but not disqualify your child from receiving government benefits?

Medical Planning  How can you best obtain and pay for the specialized medical care your child may require? Who will oversee your child's medical care when you're no longer here?

Financial Planning  What steps can you take to guarantee that your child will have a financial safety net? What financial aid is available? How should your assets be arranged to best provide for your child's future financial needs?

Education Planning  What steps can you take to make sure that your child receives the best possible education?

Planning for special needs children is a complex process. Particularly when it comes to legal planning/legal documents, you are strongly advised to consult an attorney with experience in estate planning for families with children with special needs.

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