Thinking about your child’s financial future is frightening enough but adding in a child’s special needs can create additional concern.
Parents often wonder who will care for the child and how the child’s needs will be met once they are no longer around. If you have a young or adult child with special needs, you might consider setting up a special needs trust to help support that person financially after you die. Leaving money directly to a person with special needs will likely keep that person from qualifying for government benefits. Leaving money to a special needs trust, allows you to improve the quality of life for your loved one, without jeopardizing eligibility for benefits. Tune in this Saturday as our hosts discuss the basics of setting up a Special Needs Trust.