Finally, know that insurance will figure greatly in your preparations for your child’s future. Purchasing a life insurance policy can ensure your special needs child is financially secure if anything unexpected ever happens to you.
As you plan for the unexpected, make sure you have a comprehensive understanding of your assets. This includes investments, your home, and your business if you’re a business owner. To figure out how much your home is worth, have a conversation with a local realtor who understands the value of properties in your area. To determine your business’s value, you can use an online business valuation calculator to get an estimate.
Indeed, it’s oft-said that parents never stop worrying about their kids, and this is truest for parents of children with special needs. Sadly, you’re not going to be around forever to give them the love and care that they’ll need for life. So plan what you can while you’re still able as this is the best way you can continue to provide care from beyond the grave.