If you're the parent of a physically, mentally, or emotionally challenged child, you may find that visits to specialists, therapy, medication, special schooling, and sometimes constant care demand even more from you. The attorney will guide you through the maze of wills, trusts, and guardianships and work with you and your financial representative to create and fund an estate plan for your long-term needs. Your financial representative can help you protect your family against loss of income due to death or disability and start a nest egg for future tuition costs, care for your special needs child, and your retirement. If a family is forced to move, finding housing suitable for a handicapped child may be difficult.
Planning now can provide the family with options.
Education funding School-going special needs children may incur expenses for transportation, care, materials, and so on. A college savings plan can provide for all children. Retirement planning Retirement planning is critical. With adequate retirement income, you'll be better able to help your special needs child in adulthood. The special needs child must be provided for while other children in the family are treated fairly.