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Caring For The Disabled

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Posted: Mon Mar 03, 2008 8:34 pm   Post subject: Caring For The Disabled   Along the same lines as buying life insurance to guarantee that our minor children are cared for, we have people with the responsibility of caring for children or other relatives who are physically or mentally challenged. What happens to these individuals at our death? How do we make sure that our life insurance proceeds are used for the sole purpose of caring for these people?	InsuranceMaze Community Contributor Joined: 16 Oct 2007 Posts: 589 21.77 Dollars($)
Posted: Tue Mar 04, 2008 1:06 pm   Post subject:    I don't know maze how would one make sure of that? seriously, you could leave them as beneficiary but without a trust laying out what the proceeds are to go 'for' how would one assure themselves of this third persons care? _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.	Lori Moderator Joined: 10 Sep 2007 Posts: 7455 Location: Missouri 158.31 Dollars($)
Posted: Tue Mar 04, 2008 9:38 pm   Post subject:    Can you write up a legal document stating your wishes? Is that what a trust is. What if you had a life insurance policy and you wanted to alot so much a month to a person or relative to care for your children and then leave the rest in an account for when they turned 18? Is this possible?	fireyone Senior member Joined: 07 Jan 2008 Posts: 1988 0.06 Dollars($)

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