Consult with an investment adviser and an estate planning attorney regarding your situation.
Today, you are rich in real estate, but you do not mention other assets. You did not mention your household income. However, one can infer from your question that you are cash-flow positive on the rental property. Consult with an investment adviser regarding the income from your property and wages. An investment adviser will help you create a plan for life insurance, savings, and investments in securities. In other words, you need to diversify your portfolio so that not all of your wealth is tied up in one type of investment.
You have substantial wealth and also a child significant life-long needs. Consult with an attorney about creating a special needs trust. A special needs trust is, as its name suggests, is created to serve the needs of a person who has unusual or specific requirements. Special needs trusts are usually created to support a person with long-term medical needs.
Here, you can create a special needs trust for your son, assuming his learning disabilities will continue into adulthood. An attorney experienced in estate planning will be able to craft a special needs trust that is tailored to his needs.
Assuming you create an investment plan, you can use the wealth created with your investment adviser.
I hope this information helps you Find. Learn & Save.