Special Needs Financial Planning | Planning for Two Generations
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.
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Planning for Two Generations

Planning for two generations

Key issues many families confront.

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.

Making Time To Plan

 

All too often, we are contacted by family members in a time of crisis. Some noteworthy pressure points are:

  • at your child's 18th birthday, or
  • upon the turning of age 22, or
  • upon the death of a parent or grandparent, or
  • loss of SSI or SSDI benefits due to improper planning.

 

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.

Focus On Common Concerns

 

Some of the common concerns that we help you to properly address are how to utilize appropriate financial and legal tools to:

  • preserve your child's eligibility for SSI or other government benefits
  • maximize public and private resources
  • address financial concerns of residential options
  • identify short and long term financial costs
  • develop an overall planning strategy
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Beyond Wills & Trusts

 

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.

Strength & Support

 

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...

 

  • Your Physical and Emotional Strength
  • Your Financial Strength and Legal Documents
  • Your Immediate and Extended Family
  • Your Associations and Governments

 

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.