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 a need to save more from the income. Efficient tax planning is one of the options to ensure outgo is minimized.
While leaving a legacy for your loved ones special needs children families have much higher concerns. Considering the support required by the special needs child and requirement for other family members, especially when there is a second child, the absence of an effective estate plan can throw up many challenges.