Set up a trust early. Don’t wait for tomorrow, start today because you’ll never know what will happen to you and your child come tomorrow. Once a fund is set up, remember to always review the trust every 1 or 2 years, and take the time to assess the trust to see if it’s enough for the child to live a long and prosperous life, even without you by their side.
Look for professional estate planners. They can help you review and calculate your assets in the trust for your special child. Professional estate planners can also help set up the trust to include your other children, be it special or not, for them to benefit from the trust once you’re gone. Always keep in mind that it’s better to have both a will and a special needs trust because although a will legally will take longer, but a special needs trust can begin immediately after death or disappearance.