Every divorce that involves children can prove emotionally and financially challenging. Every parent wants what is best for their child. When two parents have a special needs child, however, there are more specific issues that need attention as that child may have needs that far surpass typical needs of a minor child. In some cases, a special needs child will need financial and medical support for the rest of their life. If you are divorcing with a special needs child, consider visiting with an experienced divorce attorney at Johnson Law Group at (720) 452-2540 or through Text-to-Chat at (720) 730-4558 today.
Every divorce can seem overwhelming. Millions of questions without immediate answers arise, and the process can feel insurmountable. Before you begin the process of divorce, which may include the equitable division of marital assets, child support calculations, child visitation schedules, and possibly spousal support, take the time to consider the following questions to ensure that your special needs child’s financial, emotional, and physical well-being are taken into account, both now and in the future.
These questions are just a sampling of the types of issues that face parents with special needs children. Take a full account of all of the medical, psychological, and financial needs of your child prior to engaging in any divorce negotiations.
Visiting with an experienced divorce attorney at Johnson Law Group can help you understand all of the other considerations you should take into account in your divorce negotiations. Some of the future financial considerations of your special needs child may need to include the following:
In some divorce cases involving special needs children, one spouse will be required to keep a life insurance policy to cover the total amount of child support they would have to pay throughout their life in the event of their death. This type of life insurance policy can ensure that your special needs child has financial support throughout their life they need. Consider requesting that your child’s parent provide you with a copy of the annual policy to ensure that they are maintaining a valid life insurance policy according to the divorce decree.
If your spouse does set up a life insurance policy as indicated above, the beneficiary can be a special needs trust. Establishing a special needs trust can be beneficial and be used to direct any retirement or pension money or life insurance proceeds directly for the special needs child’s financial well being. The divorce attorneys at Johnson Law Group are also experienced estate planning attorneys and can help you understand the benefits of this type of trust for your child.
There are unique considerations to take into account with a divorce involving a special needs child. Make sure to take the time to seriously consider the amount of involvement and financial needs with respect to your child in the following areas after your divorce:
If you have a special needs child, you have much more to consider and take into account in the process of divorce. In some cases, your child may need years or a lifetime of medical, emotional, and financial support. If you want to ensure that your special needs child’s financial and legal rights remain protected throughout their lifetime after your divorce, contact an experienced family law attorney at Johnson Law Group at (720) 463-4333 or through Text-to-Chat at (720) 730-4558 today. Our compassionate attorneys can ensure that you receive all of the legal options available to you so that you can make the best decision for your child.