Tag Archives: Children with Special Needs
Planning to meet the needs of children or adults who have special needs is often complex. Special financial planning techniques may be needed so you don’t jeopardize any government benefits they may be receiving. A further complication arises because many who have special needs require advice and protection throughout their lifetime from someone with legal authority to act on their behalf. For most persons with special needs, particularly those who are judged to be mentally challenged, two types of protections are required:
1. protection of the estate left to the individual;
2. protection of his or her person in some form of guardianship.
In practice, provisions for these two types of protection often overlap.
Why should families plan?