Establishing a Trust for a Child with Special Needs
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Secure Your Child's Future: Essential Guide to Special Needs Trusts
M
Moneycontrol•03-03-2026, 16:15
Secure Your Child's Future: Essential Guide to Special Needs Trusts
•A simple will is insufficient; a trust under the Indian Trusts Act, 1882, ensures supervised asset management for your child's long-term care.
•Carefully select trustees, often a family member and a professional, to ensure balanced financial decisions and oversight.
•Be highly specific about what the trust will cover, including medical, therapy, housing, caregivers, and daily living costs, to prevent future confusion.
•Fund the trust strategically, often using life insurance, and project long-term care costs and longevity for realistic planning.
•Create a non-legal Letter of Intent detailing your child's routines, preferences, and support network to guide trustees, and review the trust regularly.
