Importance of Special Needs Planning
If you have a child with special needs you should have some special needs plan which is very important because it will give the child an extra layer of protection to the child. When you have the plan for the future of your child or a member of the family who has special needs, you can now relax because you know that everything is under control . At times family members find it hard to do this process because at times it can be devastating and confusing. The process of special need planning is important because when you have put it in place you are sure that in case you are not there to provide to the needs of the disabled child, the child will still receive the best care that they need.
A special letter of instruction is a critical component of a special need plan . The letter of intent functions as a roadmap for any person involved with your child’s future care . With the availability of the special instruction to guide the caregiver on how you want the caretaker to handle your child. When you have the last will it is also essential in a special need plan .
When you are writing a will, it is important that you consider stating the person you entrust both your property and your special child. If you do not have any will,you will learn that the government will intervene and know how the property should be divided . Having a will help in knowing how your wealth will be distributed, and also people will know the person that you are entrusting your children with .
When there is trust, you can easily have the needs plan . The purpose of having these special needs trust is to protect inherited assets so that the beneficiary will remain eligible for needs-based government benefits . A special needs trust can give you peace of mind knowing your particular person will continue to receive the benefits to which they are entitled while preserving a higher quality of life .
When you have the special need plan, you should include the person you want to look after your child, and you should state how you want the wealth to be distributed . Each of these individuals plays a separate and distinct role, so you will want to consider your choices and alternates carefully so you can make the best choices of how you want your special child being taken care of .