Financial Planning for Kids With Disabilities, courtesy of www.kidshealth.org
All parents worry about their children’s future, but when your child has disabilities or special health care needs, it’s normal to have additional concerns. Things like:
- What kind of life will my child want to live, and where?
- If my child can’t work, how can I make sure expenses (like rent and transportation) are covered?
- How do I set aside money for my child’s future without affecting government benefits?
Questions like these might keep you up at night. But financial planners say that creating a plan can ease anxiety. Here are 10 steps to planning your child’s financial future. Some are simple, some are challenging; some cost nothing and some require paying legal fees. Get started on some of these now, so you’ll have peace of mind down the road.