A lot of times we worry about what will happen to our child/children if we are not around: who will take care of them? It is a passing thought that is overtaken by our busy schedules and, of course, addressing the needs of the child. We do our best to ensure that our child is well taken care of at all times. This becomes even more important when one has a special needs child. The parent of a special needs child knows s/he needs continuous care and support, unlike a normal child.
Life is finite and no one knows the exact date and time of their departure from this world. Thus, it becomes very important for the parent of a special needs child to ensure that everything is in place to secure the child’s future in the event of an untimely demise.
This is the first step. To begin with, you need to first collate data on all your assets, such as where the assets are located, where documents pertaining to properties are kept, where you hold investments etc, so that the assets can be identified easily after your passing.