You have children dear to you and close to your heart and you will always care and worry about them. What will their future be like? Will they be able to meet their financial needs? Will they be able to afford and have access to any and all health care that they might need?
Most children, when they become adults, are expected to assume responsibility for themselves. But, what about those who can’t provide for themselves because of a physical, mental or emotional illness or disability, and have, and will continue to have, a life long dependency on you for their care and support?
That child could be a victim of an accident who now depends continuously on you for meals, transportation and personal care; a child born with a severe medical condition who, without you, could not get through the day; or a child with some other debilitating condition or illness. They have “special needs” beyond the usual love and care that you might typically provide.
The enormity of the same questions asked above is amplified when you follow each question with the words — “if I should die or become disabled?” How do you address meeting those needs? How do you plan for a special needs child? As you think about responses to these questions, a million additional questions probably race through your mind, along with a mental checklist of things to be concerned about.
The following are a few of the many concerns when you have a special needs child:
Physical and Emotional Care of the Child: Guardianship Issues
Financial Considerations: Government Programs
Other Family Issues
Estate Tax Issues