Divorcing Parents with a Special Needs Child
Raising a child is a team effort of both parents with additional help from family members when possible. Working parents juggle between family life and career demands balancing both as best as possible. When a family includes a child with disability, parents experience stress and challenges that impact their relationship and marriage, many times resulting […]
What is the Right Amount to Fund a Special Needs Trust? Funding Strategies for Special Needs Trusts
When parents start the planning process for a child with special needs, they usually work under the perception that if they create a Special Needs Trust, the child will be taken care of and the needs will be met. Unfortunately, the action of creating a trust does not ensure that the child will be taken […]
Siblings of Children with Special Needs
Raising a child with special needs is challenging for most families. Dealing with the daily caregiving issues, medical appointments, and educational challenges can be stressful. This is in addition to dealing with their own employment, relationship between spouses and demands of their other children. Siblings of a child with special needs grow up with their […]
What You Need to Know about Selecting Professionals for Special Needs Financial and Estate Planning
For parents of dependent children with disabilities, the importance of proper financial and estate planning is far more significant than merely focusing on investment or income tax planning. Many young and adult-age children with disabilities are incapable of caring for themselves. Their future quality of life depends on their parents’ abilities and desire to structure a plan […]
Divorced Parents and Special Needs Financial Planning: Four Things You Should Know
Raising a child with a disability puts a lot of strain on a marriage. The ongoing challenges of medical, educational, financial, and caregiving can create a lot of tension between parents. Individual career demands and the needs of other children in the family may add up to ongoing stress. Too often, marriages break up, and that […]
How Much Money Do You Need to Fund a Special Needs Trust?
What amount is needed to fund a special needs trust? There is no right or wrong answer to that question. It really depends on the needs of the child and the financial ability of the family. As parents and guardians, you are already incurring ongoing expenses for your child. In addition, you’ll want to make arrangements to provide financial […]