4 Financial Steps to Care for Your Child with Special Needs

July 26, 2022 by Josh Monroe

Article excerpt: Once the special needs trust is created, it needs to be funded with enough assets to provide for your child for the rest of their life. If you do not have enough savings and other assets, life insurance can be an excellent tool and is used by many parents to create instant liquidity if needed. A financial planner or life care planner can estimate the amount of money needed to care for your child for their lifetime. From there, you can determine how much life insurance is needed once you have that estimate. 

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Originally Posted at Kiplinger on July 20, 2022 by Josh Monroe.