A Letter of Intent Will Be an Important Part of Your Special Needs Plan

Written By Christopher Sharry

Once you receive the initial diagnosis and start receiving services, this may be the ideal time to begin financial planning.  A good first step is the letter of intent. The goal of a letter of intent is to memorialize your knowledge of your child’s needs so that you may guide future caregivers, guardians and trustees in providing the best possible care to your child.  A letter of intent is one of the most important estate planning documents a parent can prepare, although it is not a formal legal document that must be created by an attorney. Simply put, a thoughtful letter of intent ensures that those who may care for your child will be best prepared to care for your child.

Some areas to address in your letter of intent may include:

  • Medical history

  • Medications

  • Daily schedule

  • Living arrangements/residential housing

  • Social activities

  • Life skills

  • Family history

  • Dietary restrictions

  • Education

  • Religion

  • Government benefits

  • Behavioral issues

Christopher Sharry https://www.visperwealth.com
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