There are always possibilities that we may pass before our loved ones with special needs, so planning for their future without us is vital to protect them as much as possible.
Most of us would like to pass on our hard earned wealth to our loved ones. However, if monies are left outright to a beneficiary with learning or development disabilities, it can give rise to a set of problems:-
- Do they have the capacity to manage the monies/property?
- Would they be taken advantage of by others?
- Do we give monies to other family members so that they can take care of our dependents? What if they do not use it for them?
- What about the running costs, maintenance of properties left behind for them?
While the task at hand may seem daunting, it will be harder to imagine a time when we will not be around to care for them. We will naturally want to ensure that they are taken care of.
Here we do not believe in a one-size-fits-all solution, we take time to understand the care that your loved one needs before crafting a tailored solution which is unique to each family.