Studies show that more than 15 percent of people aged 5 years and above have special needs.
Having a special needs child is not a choice you make – it comes naturally. While you have limited power over disability, you can do things differently to make life better for this heir or beneficiary- from identifying the best learning institutions to getting medical care for them.
People with unique needs require specialized care and knowledge at all stages of their lives. Furthermore, the family also gets misinformed, with people taking advantage of the situation.
When misinformed, you find yourself making wrong decisions all the time.
Previously, we have seen how tough it is to come up with the best estate plan even when special needs aren’t in the picture. Now, if you have a differently abled person in the picture, it becomes more complex.
There are a few questions that will cross your mind when you have someone who needs special care to include in the plan:
- Where will he live when am gone?
- Who will take care of him/her?
- What services does he need?
- How much do these services cost, and how will they be paid for.
- Does he have the capacity to make rational decisions on his/her own?
These are tough questions to answer when faced with an estate planning task that involves differently abled. We suggest that you engage with a qualified estate planning attorney to get some closure.
The counsel helps you to draft the different documents that will make things work. They also help you understand the government’s role in taking care of your beneficiary and what you require to qualify for the assistance.