A conversation I have with every parent is how much will each of their children inherit? The majority of parents will always split their asset equally between all their children when they pass away.

A point I always make is that their special child requires a great amount of inheritance than any other sibling.  The rationale behind my point of view is that if a sibling grows up and become independent then they have the ability to earn money.

Some children with disabilities have a very restricted capacity and at times no capacity to earn additional income. They are totally reliant on mean tested entitlements unless they have inherited money in a trust fund.

One of the outcomes of my Special Needs Trust Planning is to leave a larger lump sum to the special needs child.

I don’t achieve this by disinheriting the other children. This would only cause issues in the relationships between all siblings.

I achieve this by putting away a small percentage of their child’s Domiciliary Care Allowance or Disability Allowance for their future.

In all the years I have worked in the special needs area, I have yet to come across an over funded trust fund. Remember any money left in the trust after your child eventually passes away can be passed on to their other siblings.

I have had the privilege in been involved in many well-funded special needs trusts that are providing the quality of life all parents dream of for their children.

I want to get the message out to all parents that their special child will be far more reliant on the money they inherit in their trust than any other siblings. Under no circumstance should they inherit less than any other sibling.

The larger the inheritance you can build up for your child the more disposable income they will have and the less reliant they will be on the government and other family members.