How can parents secure the financial future of a child with special needs?
Live MintIf you have a special needs child with a communication disability, how can you best secure its financial future? Read this | What parents of specially abled children must know about insurance, taxes Guardianship planning Naming a legal guardian is crucial for advocating the child’s financial and personal welfare. Maximizing government benefits Proper structuring of the trust can help maintain the child’s eligibility for key government benefits, ensuring access to programmes like Sarva Shiksha Abhiyan, the Deendayal Disabled Rehabilitation Scheme, and the Integrated Child Development Services. Periodic trust reviews Regular reviews and updates are essential to keep the trust aligned with any changes in legislation, regulations, or the child’s needs.
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