It is extremely important to set up sound legal and financial documents in order to ensure protection of both you, and your child.
Legal Planning for special needs children should be a top priority and should include the following: a last will and testament, application for guardianship, a letter of intent, and establishing a special needs trust.
- Establishing a special needs trust is one of the most important things to consider
Financial planning is just as important! You should be taking inventory of what you have, as well as ensuring you are not creating ineligibility for government assistance
- Parents should be mindful of the need for care and the cost of care when financial planning