Whatever the circumstances that resulted in your child's special needs – whether through an accident, birth injury or birth defect – your life may be very different from what you expected. Perhaps you had to move or remodel your Colorado house. You had to radically alter your dreams for your child's future. Your plans to begin setting a little something back for your retirement probably changed dramatically because your attention shifted to providing for the extraordinary needs of your child.
While you devote most of your time and energy to your child, you know you will not be able to do this forever, and at some point, you will no longer be there to meet your child's needs. Your first thought may be to leave your child a substantial inheritance or life insurance benefit that will cover the cost of in-home care, medical expenses, occupational training and whatever other needs your child may have. However, without proper planning, you may create a terrible situation for your child.