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If you have a
child with special needs, ensure that you relay this information to your
lawyer. You may wish to set aside a sum of money to deal with this
issue. This is often addressed in the Will by establishing what is known
as a Trust Fund. After the payment of all debts, the Trustee who is
appointed under the Will to receive funds will be directed to use a
certain amount of money from the Estate for the "special needs" person
who is referred to as the Beneficiary. It is very important when a Trust
Fund is established under a Will that you receive competent legal
advice. The amount of the Trust Fund may be large if the child is to be
looked after for an extended period of time. You must be sure that
the Trustee, (the person who administers the Trust), is not only
trustworthy but not of an age that the Trustee will likely predecease
the Beneficiary. The Trust must have a provision for the replacement or
addition of other trustees over time, if
required.
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