Financial and Estate Planning for Children With Disabilities

Parents of children with disabilities know that each day brings small and large victories. Parenting children with disabilities also comes with unique challenges, including increased financial responsibilities and more complex planning requirements for the future. The cost of therapies, medical procedures, equipment and caregiving — on top of wages lost as a result of caretaking duties — can be daunting. Because these children may continue to require care into adulthood, sound financial and estate planning is essential to ensure they’re cared for even after you’re gone.

Try not to get overwhelmed at the thought of financial planning for a child with a disability. This guide is focused on helping you plan one step at a time, learn what help is available and talk to other parents in your situation. A sound strategy can help you take concrete steps to manage your finances and gain peace of mind for your child’s financial future.