If we look into the daily matters and daily routines of our life, we notice that planning things has a very important place in our life. Whether we are young or old our activities needs to be planned out. Similarly being parents, our child’s life also needs to be planned accordingly. Without planning things for your child, you can deprive him from many needs and make him unsuitable for future opportunities. This responsibility of planning gets even more crucial if you are a parent of a special child. Following are a few points that should be kept in mind to avoid major mistakes that parents commit while planning to protect the basic needs of their special child.
Cutting off the child from Inheritance
Abstaining your special child from inheritance is one of the biggest mistakes one can commit. He is the one who need help the most but parents mostly rely upon government assistance in this regard. Relying on government will only help your child to sustain but not spend a quality life after you are gone. So you must keep an equal share of inheritance to their special child as their normal children.
Pay Heed to Special needs
While establishing a trust for your child, you must keep in mind his special needs and requirements. Eligibility is not the criteria while a trust is designed. It is rather meant to provide your child with health, happiness and comfort. These special needs include special therapies, education, special equipment, insurance, diet and certain medical facilities that otherwise are not included in the Medicaid like dentistry. Moreover if the finances of the Trust allows, there should be adequate availability of books, games, videos and other things that might facilitate the well being of your child.
Delaying to plan things for your special child may result in spoiling his life. You must be quick in taking decisions as you take for your other dependants. No one is certain about his life and may die the next moment. Your special child will never be compensated in case of any tragedy if you fail to plan for his needs and proper future. A child who is normal by birth can take care of himself once he gets mature, but it is not the case with the special child.
Funding the trust
A trust always needs funds and gifts. Remember that your friends and relatives can contribute to the trust who loves your child. Moreover you could give your own assets to the trust as a contribution.
Depending upon rest of children for help
In case your children are financially stable, and have extra money to spare, then you could take help from them. But this could be a temporary solution, as the other off springs might have burden once they have their own family to support after you are gone.