Special Needs Children
Having a Special Needs Child brings many financial demands. Many parents pay out of their pocket for special schools, food, medicine, therapies, etc. In an article from the Leimberg Newsletter for estate planning professionals comes this:
As the number of children diagnosed with autism, asperger's syndrome, and other neurological disorders skyrockets, parents and their advisers need to carefully understand and plan for their children (and grandchildren's) medical care and capitalize on tax and other available benefits.
If you are the parent of a special needs child, you should consider the tax breaks available for the money you are spending. And, you should especially consider the estate planning benefits and pitfalls.
If you would like more information about special needs planning, feel free to contact me. As the parent of a special needs child, I understand the unique challenges. I want to help others because I know how overwhelming it can be. I also know how parents of special needs children are hungry for more information. I would like to satisfy some of that hunger.
The above quote came from Steve Leimberg's Estate Planning Newsletter # 1183 (October 4, 2007) at http://www.leimbergservices.com. It is part of an important series for special needs planning.
