Planning for Special Needs Child
Mrs Raja has a 15 year old son, Amit with autism.
As an accountant, Mrs Raja married late. She managed to conceive Amit during her early 40s.
Mrs Raja decided to quit her job and has been a stay home mom taking care of Amit while her husband is the sole provider for the family.
Amit struggles with speech and has many non verbal cues. So far the only people who understand Amit well are his parents.
Amit mostly likes to be alone and does not get along with most people. It takes awhile to warm up to Amit. She knows Amit is dependent on them. Very sticky.
Now at 58, Mrs Raja’s major concern is who will care for Amit should she or Mr Raja fall sick or depart the world one day.
That’s when she decided to seek advice on what she can do instead of second guessing in fear she makes the wrong decision.
Throughout the many sessions with me, Mr and Mrs Raja had was:
🏥 Budgeting for Amit’s healthcare needs
👼 Identifying suitable and trusted guardian(s) to care for Amit
💰 Ensuring that they have sufficient money to sustain Amit’s lifestyle when they are no longer around
In the conversations we’ve had, both Mr and Mrs Raja got more clarity and options on what they needed to do to put things in place.
They also could finally see clearly the milestones for themselves and also the best solutions for Amit. This helped them to make better and informed decisions on what actions they need to take.
Mrs Raja is not alone as there are many parents with similar concerns too.
Now that she and her husband have done proper financial planning, she is relieved and no longer worries because she knows they have done the best for Amit.
The struggle is real but you don’t need to go through this alone. Just reach out and let’s have a chat.
Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs.
Published By:
Pauline Teoh Poe Lin
Pauline was inspired and drawn to the wonders of proper financial planning when she lost a dear uncle to cancer in 2015. She experienced how proper financial planning can safeguard a family’s lifestyle and transfer the love of an uncle to his family.
She graduated from Monash University with a Degree in Bachelor of Business & Commerce. Pauline has over 15 years of working experience. She started her career in various global FMCG companies from marketing to market research, consulting in retail and property market and eventually moved on to financial service industry since 2015.
Pauline obtained Registered Financial Planning (RFP) certificate with Malaysia Financial Planning Council and holds Capital Market Services Representative License (CMSRL) from Securities Commission and Financial Adviser Representative from Bank Negara Malaysia.
Pauline is very passionate to help her clients to achieve financial freedom by identifying their life goals through structured plan. If you are looking for a unbiased and neutral opinion on how to achieve your goals, speak to Pauline to see if you’re a right fit to work together with her.
