There are 14.7 million children and adults with disabilities, but only a small fraction of their families have taken steps necessary to protect them from an uncertain financial future. At the same time, a reduction in government benefits and a longer life expectancy for the disabled mean more years of financial dependence and less money available to fill this need. Families of children with disabilities often face a wide disparity between their needs and financial preparedness to care for loved ones, much due to a lack of education and knowledgeable financial advisor on the issues these families face. A child with disabilities may need your help for the rest of his or her life. Because you may not always be able to personally provide it, a plan for the future is critical.
All parents have hopes for their children's future.
But when a child has a disability, a parent's concerns take on a special urgency. You worry about who will care for your child if you are no longer able to, and where he or she will live. You wonder whether he or she will have the resources to sustain a decent quality of life. The issues involved can be complicated, but you can create a plan that is both comprehensive and effective. Prepare a Letter of Intent.