Question: I recently had a baby boy. He has Down’s Syndrome. I want to plan for his future, right now. What can I do to help him have a bright future, even after my husband and I are gone?
Answer: Planning for your son’s future is admirable. There are a couple things you can do right now so your son has financial resources available. The first is to set up an ABLE Account (Achieving a Better Life Experience) through the state of Tennessee. https://able.treasury.tn.gov/. The second thing is to establish a third-party supplemental needs trust with an established trust company. https://vistapoints.org/third-party/ Both of these types of financial instruments will provide for items or services your son needs either now or in the future.
Darlene A. Kemp, MPH, MBA-HCM, Executive Director – Vista Points Special Needs Trusts, www.vistapoints.org – 888-422-4076
