Investment planning for families with special needs children is not easy. Deciding on a specific asset class is difficult as the care of a special needs child is lifelong. Many families tend to be risk averse and do not consider volatile investment options,...
Education for special needs children has been quite debatable in India. Though we have presence of special schools the numbers are far less than what we need. But it’s also a known fact that inclusive education is the right way of inculcating skills...
The concept of trust is a 3 tier structure- There is a settlor who creates the trust, there is a trustee who manages the trust and there is the beneficiary who benefit from the trust. When a trust is created the rules are...
Much like any other aspects tax planning for special needs children families is a must to do affair. Be it salary income or investing the hard earned savings, taxes impact on what you actually earn. With expenses already on higher side there is...
Financial Planning for special needs children families is not an option but a necessity today. Most families with a special needs child are not able to plan for their future due to lack of information and resources. The major concern with families is...
Finally, on 9th March 2018, honorable Supreme Court has allowed Living Will in India. Though it may be with too many conditions but it’s a beginning which has been made. It’s a coincidence that only a few days back I had a conversation...
Special Needs children families have different needs when it comes to education of their child. With child having certain disabilities the focus of the education may not be in one aspect but multiple. Multiple experts may be needed to assist the child in...
For special needs child life time care creating a special child trust is the most viable option for the families. A trust is considered to be an effective estate planning tool when wealth has to be preserved for future generations. With a disabled...
A well-written Will resolve many issues of succession planning. Without one, there are higher probabilities of disputes in distribution. The need for a Will is even more important for families with special needs children. Besides wealth distribution, the Will needs to address different...
A special child trust in India is an important estate planning tool for special needs children families. Being a separate legal entity the trust has many advantages for securing the child future. The primary benefit of this trust rest on the ownership of assets. Once...