Protecting special needs kids financially (USA Today)

(Photo: Getty Images/iStockphoto)

Protecting special needs kids financially

by Cherice Chen, AdviceIQ
7:45 a.m. EDT August 23, 2014

More than 56 million Americans have some type of disability, according to the Census Bureau. Autism, for example, affects one in 50 children. For parents of a child with a disability, the great fear is: “What happens when we’re gone?” One answer: Set up a trust for the child. Here is how:

To support a special-needs child during and beyond your lifetime requires truly special planning. Not only are there more costs and uncertainties but also heavier emotional weight.

Many families simply avoid the process: Only 21% of parents with special-needs kids say they are familiar with the planning steps, even though most worry about their children’s lifelong financial security, according to a 2011 survey by MetLife Center for Special Needs Planning.

Click here to read the rest of the article.

Be the first to comment

Leave a Reply

Your email address will not be published.