Special Needs Financial Planning is unlike the traditional "Money® Magazine" - style financial planning where you buy a home, raise your children, plan four years of college education and retirement. Special Needs Financial Planning is planning for two generations.
All too often, we are contacted by family members in a time of crisis. Some noteworthy pressure points are:
If assets, investments, insurances, and estate plans were properly coordinated ahead of time, families would not be forced to make compromising decisions in a crisis.
Our comprehensive approach strives to ensure that your family member will always be financially secure and that you will feel confident in your decisions.
Some of the common concerns that we help you to properly address are how to utilize appropriate financial and legal tools to:
There is little chance that government programs and your assets alone will cover the continuing needs of your child or adult dependent with special needs. Some noteworthy focal points are:
Wills and Trusts are legal devices which provide for the orderly administration of tangible assets. Their creation is similar to the making of a bucket with a spigot. Wills provide for the one-time dump of the bucket . . . trusts have a rate of flow factor.
That's where the process ends!
Wills and Trusts do not provide a guarantee that your loved one will be cared for. Without a funding process beyond their establishment, there may be an empty bucket when funds are critically needed.
The economic facts are severe!
There is little chance that government programs and your assets alone will cover the continuing needs of your child or adult dependant with special needs.
There are four factors that determine success in providing for your child's or sibling's current and future support:
There are four factors that determine success in providing for your child's or sibling's current and future support...
All factors can work either for you or against you and your family. And they are ever changing:
Government programs end . . . Family members move . . . Finances vary . . . and personal strengths wax & wane. The challenge is knowing how to get established and how to adjust.