Handicapped Child : How to protect it ?
Principal concern
of the parents of an handicapped child remains his maintenance when they
disappear.
They wish :
- on the one hand, capacity to protect him from any dilapidation from
its inheritance, or any extortion on behalf of badly disposed people,
- in addition, to make
so that the cost of his maintenance does not rest on the remainder of
the family, in particular brothers and sisters.
Your notary will be able to find with you financially reliable solutions.
The handicapped child will be able to see himself allotting the usufruct of one or more goods. He will then not perceive a capital, but incomes. Brothers and sisters, or other co-heirs, will be owners of the naked-property. With the death of the handicapped child, there will be "regrouping " of the goods, i.e. that they will recover the whole property of the good without any act to establish, nor no tax cost.
Another solution, more sophisticated, consists in setting up a civil company of wallet. The statutes of this company can envisage clauses which will oblige the associates (parents and their children), to invest a part of the credit in sure products, obligations, for example, and to reserve a part of the coupons and dividends to the handicapped child.
The life insurance is also a very satisfactory solution. By choosing an adequate contract, the handicapped child will be able to profit from incomes for life, which will enable him to deal with its expenditure and expenses of life, without any risk of collecting or dilapidation of the capital.
Each typology of family being single, your notary is the best capable one to advise you, to help you to find your solution.
