For parents of adult children with special needs it’s a hard truth that they have to plan ahead for a time when they may no longer be around to support their children. While no one enjoys confronting this situation, there are steps parents can take to ensure their loved ones are taken care of properly. Parents should consider creating a plan for the financial, legal, and community support systems they want employed to care for their adult children in the event of their passing.

To ensure financial security for their adult children with special needs, parents should look into utilizing savings funds, trusts, or life insurance policies to supplement the government programs that provide the majority of financial support. However, to qualify for some of these government financial assistance programs the individual with special needs is required to have less than $2,000 in assets. For this reason, it is important to look into other financial vehicles such as Special Needs Trusts or ABLE accounts to protect any assets for the benefit of the children.

Equally important to the support of a adult child with special needs is the community parents can build to support them. The trusted individuals that comprise this community may be given the preferred roles of guardian, who can assist with making important decisions, or trustee, who would oversee the financial needs trust. Planning ahead for the future of an adult child with special needs is a necessary reality, but with proper planning parents can enjoy the peace of mind that their children will be cared for long after they are gone.

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