Start with your vision for your family today, and when you are gone.
Include both parent’s and child’s income sources when looking at resources and consider the supplemental cash flow needs of the child with disabilities when planning expenses.
Common gaps are often found in the event of a premature death and/or disability of a parent, or not having adequate savings to meet lifetime goals.
We define The Five Factors of Special Needs Financial Planning™ as Family and Support, Emotional, Financial, Legal and Government Benefits. These must all be considered to develop the most appropriate planning strategies.
A plan is only as good as its implementation. There is a process for every family to follow; the key is to take action.
It is important to periodically review your plan, especially in advance of the planning pressure points identified on the timeline.