Parenting a child with special needs

As a parent of a child with special needs, you know that giving your child the care and support they deserve is a lifelong challenge. That’s why it makes sense to tackle long-term special needs planning now, so you can rest a bit easier knowing that you’ve taken steps to help ensure your child will always be looked after.

Consider life insurance

In deciding how best to divide your assets between your children while protecting a disabled child or family member’s financial security, you may want to consider using life insurance. Life insurance on you as a caregiver could be used to help replace the services and support lost because of your death. It has other uses when a trust is involved.

Now's the time to draft a will

Nobody likes thinking about wills, but they’re especially important with a special needs child. Make your wishes clear!

Consider a special needs trust

This legal document can help manage any assets you leave for your child, which are frequently used to pay for rehabilitation, education or medical services not covered by other income sources.

Look into government benefits

Your child may qualify for Medicaid, Supplemental Security Income, or Social Security Disability Insurance. Every little bit can help, especially when children are on their own.

Get the tax benefits you deserve now

From deductions for medical expenses to credits for care and education, there are numerous strategies you can benefit from today that could help you keep more of your money in your pocket.

Learn more

Maybe your special needs child lives at home, with you. Or maybe they’re making their own way out in the world. Either way, thoughtful special needs planning helps ensure your wishes and desires for your child can be fulfilled — even after you’re gone. See our Voya Cares program for more information and resources.