Special Needs Financial Planning | Age 3
Shepherd Financial Partners is an independent, full-service financial and wealth management practice. Our goal is to provide you with superior, comprehensive financial and wealth management services in the context of a personal, long-term commitment.
Shepherd Financial Partners is an independent, full-service financial and wealth management practice. Our goal is to provide you with superior, comprehensive financial and wealth management services in the context of a personal, long-term commitment.
17557
page,page-id-17557,page-template-default,ajax_fade,page_not_loaded,,qode-theme-ver-9.1.3,page-age-3,wpb-js-composer js-comp-ver-4.12,vc_responsive

Age 3

Age 3.

 

Welcome to public school!

 

You are entering a period of growth and change for both you and your child.

 

For many parents the first major transition will be from Early Intervention services, which are home-based and family-centered, to an Individualized Education Plan for your child provided in a classroom environment.  The importance of gaining the knowledge and skills needed to most effectively advocate on behalf of your child cannot be overstated.

Image courtesy of Landscape Structures
Image courtesy of Landscape Structures

View "Basic Steps of Special Needs Financial Planning"

Yes, Please!

UNIQUE PLANNING REQUIREMENTS

  • Learn as much as possible about your child’s diagnosis.  Their abilities are yet to be discovered.
  • Build and maintain relationships with physicians. Schools, therapists, teachers, provider agencies, and your neighborhood community.
  • Get to know who your local and state officials, legislators, representatives and senators are and how to contact them.  Investigate how programs are funded.
  • Register with your local police and fire departments, and let them know you have a child with special needs living in your home.
  • Get to know your state’s laws on Public education; make sure you have a clear understanding of your child’s
  • entitlements and your rights and responsibilities as the parent.
  • Check your local school and provider agencies for parent support groups, educational workshops, and/or parent advisory councils.
  • Make sure that your budget includes out of pocket expenses for medical therapies, babysitters, advocates, legal and financial services and other unexpected expenses.
  • If there is difficulty in working with your public school system to provide supports and accommodations for your child to thrive, don’t be afraid to hire an advocate to help guide your negotiations.
  • Review your current financial and estate plan at least every 3 to 5 years, as well as any time your situation changes.

Special Needs Planning Story

INDIVIDUAL CASE STUDY

When James moved from Early Intervention services to the public school system, it felt like we had moved from a cruise ship to a dinghy.  We had so appreciated the services coming to our home and the family-centered approach of Early Intervention .  Our opinions, schedules and plans for James mattered.

 

When he entered the school system, our experience was very different. The IEP team immediately directed us to a segregated classroom for James.  We knew that he belonged with his typical peers.  We needed the teachers to support us in out vision for James.  What we always tried to do with James was to surround him with people who thought he had limitless potential.  If they looked at only his diagnosis, they would deny him of opportunities we thought he should have.  We had to work to create a team of “believers”.

 

We continue to have to search out believers and people who can journey with us and imagine the possibilities,  James continues to surprise us and remind us that his potential is limitless.- Susan, James’s mother.

READING ROOM

Below are a few articles relating to planning for your child at this stage.  For more information visit  WHAT WE’RE SAYING.

  • KEEPING THE

    KEEPING THE 'I' IN IEP

    VIEW MORE
  • Service or Support ? Two Case Studies

    Service or Support ? Two Case Studies

    VIEW MORE
  • 10 Steps to Plan for Your Child with Special Needs

    10 Steps to Plan for Your Child with Special Needs

    VIEW MORE

1 There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

2   Investing involves risk including loss of principal. No strategy assures success or protects against loss.