The life of parent of a special need’s child is full of challenges and the parents themselves know it. Going through lot of emotions and stress, parents have to ensure that not only the child’s but their own life is meaningful too. The...
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...
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 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...
Financial planning for special needs children families involves much more than house, car, and retirement. Let’s consider the goal of Retirement. When you have a special need dependent than it’s not only about self-retirement. You have to make provision for special need lifetime...