The challenges of parenting a special needs child can be daunting, and sometimes it is easy to delay the important things like financial planning for their future. A recent study conducted by the University of Illinois found that less than half of study participants had completed long-term planning for their special needs children.
When to Plan
It is important to begin planning as early as possible. Medical advancements mean that special needs children are outliving their parents and primary caregivers, so having a plan in place will give you peace of mind that your child will be cared for long term.
How to Plan
Consulting an attorney versed in special needs issues is a great place to start. The office of Turner Law can guide you in trust issues that address all areas of life, including finances and healthcare. Also, find parents in similar situations. They can provide valuable support during the difficult planning process.
What to Plan
A special needs trust will vary depending on the needs of each child. Your attorney can explain the benefits of a power of attorney or health care proxy and help build the right foundation for establishing independence in the future. It is also important to understand programs that may be available, such as Social Security benefits related to disability, Medicare, Medicaid or food stamps. A plan should include housing and transportation and assign guardians in the event of the death of the main caregiver.
There are many challenges involved with raising a child with special needs. Planning for their future doesn’t have to fill you with dread. Attorney Robert Turner brings 25 years of experience to assist you in every area of planning for your special needs loved one. Don’t face these challenges alone. Visit Turner Law here to schedule a consultation and let us help relieve the burden of planning.
Posted on behalf of Turner Law, LLC