Written by Lanie Tang Hui Ning and Dreamer
This article narrates a story about a family with a special needs child in Singapore and how the parents plan for the child’s life after they have passed away. While we’ve tried to be accurate, remember that every family’s situation is unique. Seek professional advice and official resources for specific help. Let’s be kind and understanding to parents and caregivers who support special needs kids. Everyone deserves respect and a chance to succeed, regardless of their abilities or challenges.
The Tans are an ordinary family in Singapore. Mr. and Mrs. Tan earn a moderate income. But their life isn’t ordinary because they have one child, Ethan, who has special needs. He needs extra care and attention.
Mr. and Mrs. Tan did something smart. They created a Special Needs Trust (SNT) – They mixed CPF savings, insurance, and property with this trust that is managed by a trusted company. To add an extra layer of security, they joined Special Needs Savings Scheme (SNSS), guaranteeing a steady monthly income for their child from CPF savings.
Special Needs Trust (SNT) and Special Needs Saving Scheme (SNSS)
Despite the challenges, Mr. and Mrs. Tan are determined. They’re on a mission to make sure their child has a good life, even after they are gone. Mr. and Mrs. Tan did something smart. They created a Special Needs Trust (SNT) – a financial safety net managed by a trusted company. They mixed CPF savings, insurance, and property with this trust. To add an extra layer of security, they joined Special Needs Savings Scheme (SNSS), guaranteeing a steady monthly income for their child from CPF savings. This was their way of making sure the financial support lasts a lifetime and their child would always have enough money.
Knowing life is unpredictable, Mr. and Mrs. Tan created a will that detailed instructions on money matters and appointed a deputy to make important decisions on behalf of their child. They also bought insurance policies to provide financial support for accidents, illnesses, or ongoing therapy needs for their child.
Have a Will and Insurance Coverage
Knowing life is unpredictable, Mr. and Mrs. Tan created a will. They laid out detailed instructions on money matters, appointed a guardian (Aunt Lily, a devoted family friend), and shared their dreams for Ethan. They also took legal steps by appointing a deputy – someone who could make important decisions on behalf of Ethan, ensuring his well-being in various aspects of life. In addition, insurance was another smart move. They bought insurance policies that would act as a safety net in case of unexpected events – providing financial support for accidents, illnesses, or ongoing therapy needs for their child.
Heartfelt Letter of Intent
In a touching gesture, Mr. and Mrs. Tan wrote a heartfelt letter of intent. It’s not a legal document, but a personal guide for caregivers and guardians. This letter spills the beans on Ethan’s likes, dislikes, dreams, and the values that make them unique. As the years pass, they find comfort in knowing they’ve wrapped their arms around their child’s future. While enjoying precious moments in the present, they have peace of mind, knowing a thoughtful plan is in place to support their child’s happiness and well-being, no matter what the future holds.
🌟Planning for Your Child with Special Needs? Lanie Can Help! 🌟
Are you preparing for your child’s future, especially if they have special needs? Look no further—Lanie is just the person to talk to! She is a former nurse with specialized training in caring for children with unique requirements. Lanie understands the challenges and joys of parenting a child with special needs.
Currently, she is a consultant who provides personalized consultations to people from all walks of life. Whether you’re a seasoned parent or just starting your journey, Lanie can help you navigate the financial aspects of planning for your child’s well-being. Additionally, Lanie is an expert in child sponsorship programs and can guide you on how your contributions can help transform a child’s future.
Contact Lanie today. She is there to support you, and her expertise can make a meaningful difference in your child’s life. She’ll guide you through the process, answer your questions, and help you make informed decisions. Feel free to reach out and start planning today! 🌟
See also:
- The Straits Time: Chan Chun Sing – Support available in schools for families caring for special needs children
- Channel News Asia: Chan Chun Sing – Community should remind special needs children and their parents that they are not alone
- Lanie Tang: In Touch
- mustsharenews.com: Ex-Nurse Sees Discrimination Of Covid-19 Frontliners & Starts Support Group To Help Them
- huat.sg: From Numbers to Smiles: How Financial Advisors Change the World, One Child at a Time
- Li Yuen Art: Naive
- Li Yuen Art: Blush
- Li Yuen Art: Rose
- Li Yuen Art: Baby
- Li Yuen Art: Ginyi
- Li Yuen Art: Beauty and the Bike
