March 14, 2012 - Financial Planning for Special Needs Children

On a blog aimed at law professors who specialize in wills and trusts, I found a free online special needs calculator to help families evaluate their financial planning needs. It's a good starting point for deciding how to plan for providing for a special needs child.

Provided online by Merrill Lynch Wealth Management, the calculator analyzes information about income, expenses, and life expectancy to determine how much will be needed to continue caring for a child after a parent or guardian retires.  The calculator includes modifications for inflation.  

Link to the calculator:

Merrill Lynch Special Needs Calculator

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