A very important element of any estate plan, but especially so when planning for a special needs child is a letter of intent. The letter of intent is a written document, created by the parents of a spacial needs child that serves as a blueprint of valuable information about the child. It should provide a clear vision of how parents want their child to live when they are no longer able to care for the child. The letter should answer the questions: What will happen to our child when we can no longer provide daily care, supervision and financial support? However, this is not a legal document, and does not replace the parents special needs estate planning documents, but acts as a supplement to those legal document.
The letter of intent generally includes information about:
1. Emergency contacts
2. Behavioral condition and history
3. Medical condition and history
4. Current and desired living arrangement
5. Financial Status
6. School or work situation
7. Funeral arrangement
8. Parents feelings about the child's future
9. Insurance
10. Education
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Posted by: | March 18, 2009 at 12:20 AM