If you have a child with special needs - one who cannot care for himself or herself without adult assistance - what will happen when you're no longer around to help? Perhaps a relative will be available to help your child. Or, maybe no one will be able to fulfill your role.
The diagnosis of autism in young children is on the rise. Nearly 2 percent of male infants and 0.5 percent of female infants are born with autism and eventually diagnosed. Overall, that means that 1 in every 68 children born in the United States has an Autism Spectrum Disorder (ASD) diagnosis.
Special Needs Trusts, also known as Supplemental Needs Trusts (SNT), play an important role in the planning for a disabled individual. Continuing from my last post, here are a few additional SNT options:
Millions of baby boomers are coming of age. It has been well documented, particularly in recent years, that these individuals will soon have a significant impact upon our medical and long-term care infrastructure. Often overlooked, however, is the fact that baby boomers are also parents and caregivers to millions of non-elderly disabled children. How will the parents' aging impact the care and wellbeing of their children?