Special Needs
financial Planning

Torn-edge

Life Care Planning

A carefully crafted life care plan serves as the basis on which we build the Special Needs Financial Plan. For some families, the Life Care Plan is an acceptable guide for the special needs loved one and the family unit. We recommend more strategic financial planning for families with complex finances.

Legal Planning

Legal help in areas such as guardianship, special needs trusts, and getting added government support special needs families with more complex finances. We’ll work with your attorneys or can introduce other attorneys who specialize in this area.

Special Needs Trust

A special needs trust is a trust set up for an individual with special needs. It holds assets for that person without compromising their ability to get government benefits. There are three main types of special needs trusts: the first-party trust, the third-party trust, and the pooled trust. All three name the person with special needs as the beneficiary.

Benefits Planning

SSI, Medicaid, and state disability services are an integral part of special needs planning for most families. They help fund the added expenses necessary to care for special needs children. It is critical to navigate these complex programs correctly to get maximum benefits. We arrange the family’s finances correctly to achieve this.

Tax Planning

We strengthen the benefits that accrue to the special needs family throughout the financial planning process with savvy tax planning. While there are tax deductions available to the special needs family, savvy tax planning goes even further. It involves developing specific strategies to take advantage of tax shelters built into the Internal Revenue code.

Able Accounts

ABLE Accounts are savings accounts with tax advantages for special needs individuals and their families. The account owner is the beneficiary. Income earned by these accounts is not taxed. Any person may contribute but with posttax dollars. In the most cases, eligibility for government benefits is not impacted.

Retirement Planning

Parents with a special needs loved one are planning for two retirements: theirs and their child’s. They are paying for not only medical costs, but also for their children’s needs throughout their lives, including housing, transport and food. We balance the needs of the family with the special needs loved one.

MEET WITH A SPECIAL NEEDS FINANCIAL PLANNER

We offer a no-cost, no-obligation confidential consultation so you can see if we are the right fit for you.