Dignity planning for children with special needs

Dignity is the most important concern parents have for children with special needs. As long as you are around and able to do it, you will be more protective than your other children.

However, what happens when you are no longer around and may not be able to. You can actually plan well in advance ahead for them.

Here are some things to think about…

Dignity and respect from other family members

Can you imagine this special-needs child is no longer reliant on other family members? And is even able to provide some sort of dignity by giving to the other family members an ang pow on the family member’s birthday or special occasion, given in the name of this special child for the rest of his/her life?

Financial ability

Finances can possibly be a strain on the surviving family members and you as the parent would like to alleviate that financial burden. Does it cost a lot to ensure this type of planning is done? No, it does not. In fact, a recent parent intended to set aside $1mil in cash to provide for the child and we told him that he just needs a fraction of about 1-3% of it to ensure that $1mil will definitely be given to his child in the worst-case scenario of unexpected death of the parent.

Complete planning

With our decades of experience of a combination of the wills, trusts and financial aspect, we can enhance a better living experience for the special needs child whilst healthcare and money is managed well. Some people think that planning with a trust costs a lot of money, but if you were planning to look at planning with a $1mil portfolio for the special needs child, it would only take a few thousand dollars to set up the structure to be put in place. And you do not even need to come up with a million dollars upfront to fund it, as explained in the earlier paragraph under financial ability.

If you know of someone who has special needs family members who would like to ensure dignity, financial ability and complete planning experience, we will be happy to have an initial chat to see if we can be able to help.