Can You Leave Life Insurance Proceeds to a Relative with Special Needs?
You may be interested in purchasing life insurance as a way to fund your child with special needs’ future expenses. It’s fine to get a policy as long as you can afford it. But do not make the common mistake of naming your child as the beneficiary of the policy. Life...
How to Involve Your Child with Special Needs in Future Planning
When you first start future planning for your child with special needs, he or she might be too young to get involved in the many decisions you have to make. As time goes by, your child may express strong preferences about aspects of their lives, or ask questions about...
What You Need to Know Before Your Child with Special Needs Turns 18
Don’t wait until your child with special needs turns age 18 to begin planning. Becoming a legal adult leads to many changes in available benefits, needs, and your ability to act on your child’s behalf. Here are just a few of the many items for your to-do list....
Is Long-Term Care Insurance Worth It?
You may have heard about buying long-term care insurance. This insurance helps cover the costs of a care facility outside the home or even nursing care inside of your home. There are a few pros and cons of long-term care insurance that you should consider before...