As advances in medicine continue, it's become more likely that special- needs children may outlive their parents. For example, the average life expectancy of a person with Down syndrome is 60 today, compared with only 25 in 1983, according to the National Down Syndrome Society.
Yet many families remain unprepared. Two-thirds of parents with special-needs children have not prepared wills, according to a study by MetLife of more than 1,700 parents. Nearly one-third have done nothing at all to plan for their child's financial future.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access