Financial Planning for a special needs child family means planning for two generations. The crux of the planning is providing financially for the child for the time when you are not there. But even within your life time, meeting the child’s needs is a complex exercise due to several factors and there is no choice of which factor to consider first and where delays are possible. So parents need to take a financial planning approach while planning the child’s future.
While giving importance for special needs child care, one role which is often left unplanned is the role of a Caregiver. This one important person is taking 24/7 care of the child whether paid or unpaid. Financial services industry worldwide have not been too focused on this role.