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"It is estimated that 20% of families are raising children with some special needs."
- Mass General Hospital/Harvard Medical Study
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Step 1: Expenses* for Your Child or
Other Dependent
The goal of completing this calculator exercise is to raise your awareness of the amount of money an individual with special needs might need if both parents are deceased. It is designed to help you plan for lifetime care AND quality of life so that you can determine how to fund a special needs trust, and provide you with some idea of how much you will need. Keep in mind that the goal is to ensure enough money will always be available without depleting principal.
*The calculator is intended to help you project the future expenses for the individual with special needs. By “future expenses” we mean all the expenses necessary to allow the person you are planning for to live comfortably and have the quality of life you hope they will always have. We suggest you take a look at the information and figures mentioned in this calculator exercise before you actually complete it. Once you have all the information gathered, this exercise should only take about fifteen minutes to complete. Note: fields in orange will be completed for you automatically.
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