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Protecting a Child with Disabilities

Protecting a Child with Disabilities

April 18, 2024

As a parent of a special needs child, it’s vital to ensure your child will continue to be provided for after you’re gone. It is essential to determine  a long-term strategy that is realistic and attainable.  IFG is here to help. 

Consider the following:   

1. Envision a life after you. Plan for the long term by considering your child's potential needs:  daily custodial care, ongoing medical treatments, etc. 

2. Planning your estate:  Make sure your will is up to date. Consider creating a special needs trust.   Determine if our child may qualify for SSI (Supplementary Security Income) and Medicaid.  

3. Involve the Family-  It is ideal to have a unified front of surviving family members to care for your child after you've passed on. 

4. Identify a Caregiver- In order for a caregiver to make financial and health care decisions after your child reaches adulthood, the caregiver must be appointed as a guardian. This can take time, so start setting this in motion as soon as you can.

Planning for a child with special needs can be complicated and overwhelming, but you don’t have to do it alone.

Working with loved ones and qualified professionals can help you navigate the various facets of this challenge.

IFG is here to help. Don’t hesitate to reach out.

For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisors LLC nor any of its representatives may give legal or tax advice.