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home › Life Events & Financial Decisions › Major Life Events › Having Children › Disabled Children

Disabled Children—Financial Planning AND TRUSTS

Consider hiring a financial planner and/or attorney for advice regarding the financial security of a disabled child.
A special needs trust is often recommended so that a disabled child can be given gifts, inheritances, and life insurance policy proceeds without jeopardizing their access to public benefits, such as Supplemental Security Income (SSI) and Medicaid.
A special needs trust continues to provide funds to improve the quality of life of the disabled child if he or she survives the parents.
Other helpful resources are local Arc chapters (www.thearc.org) and state and county government agencies that serve developmentally disabled populations.


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Life Events & Financial Decisions

Financial Tip

Disabled Children—Financial Planning AND TRUSTS

Participate in discussions, find answers and connect with others.