Estate Planning: What To Consider

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First: Be realistic in assessing your son or daughter’s disability and predict for future development. If necessary, obtain a professional help and evaluation on your child’s prospects and capability to earn a living and to manage property. You have to understand you child’s capabilities and make plans accordingly. You should not oversee his/her potential or keep unrealistic expectations.

Second: Carefully inventory your financial associations. Your written will must be flexible enough to meet the life’s ever changing circumstances. You can never predict what tomorrow holds but it is good if you forecast a little and make your will accordingly. Always remember, if things changes, you can change you will anytime.

Third: You should know the basic need of your special child and arrange things accordingly. It is important to make arrangements for your child’s living arrangements after your death. You should have answer to the questions like

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