Date: Wed, 12 Jan 2005 16:12:42 CST
From: beliavsky@aol.com
Newsgroups: misc.invest.financial-plan
Subject: Re: Stable future for children with special needs
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You should consider establishing a trust that will provide for your son
in case you and your wife predecease him. Who would be granted custody
of him as a minor, and where he would live as an adult, are questions
that should be answered.

There must be lawyers specializing in estate planning who know how to
plan for special needs children. You need to find one. Life insurance
is also important, and its ownership can be structured in ways that
reduce or avoid the estate tax. Permanent life insurance, including
"second-to-die" life insurance, may be appropriate, since your need for
it will not vanish when your son is (say) 22. You should try to find a
life insurance agent you trust.

Good luck.