Category Archives: Special Needs Planning
3 Common Mistakes When Planning for a Disabled Family Member
There are 58 million Americans five years of age or older that are identified as special needs, making them the largest single minority in this country. The majority of federal and state benefits available to help persons with disabilities are needs-based, meaning income and assets are strictly limited and can often by misinterpreted, resulting in costly… Read More »
3 Practical Considerations When Your Special Needs Child Turns 18
Having a special needs child has many challenges. One of the toughest challenges faced by many parents is knowing how to provide the best care when your special needs child turns 18. There are many areas that need consideration when planning for the transition of a special needs child to adulthood. Let’s take a… Read More »
5 Care Options for Adults with Special Needs
There are numerous care options available for adults with special needs. The options available vary based on the level of care required, ranging from those adults with special needs who are able to be more independent, to those who need advanced medical care. When planning for- or selecting- care options for special needs adults,… Read More »
3 Tips for Caring for a Sibling with Special Needs
When a family has a child with special needs, the care of that child eventually falls on the shoulders of the entire family. The parents generally care for the child for as long as they are able. However, when the parents begin to age, the siblings are often called upon to take over care… Read More »
10 Tips for Using a Special Needs Trust to Protect Your Child
When caring for a child or loved one with special needs, it’s important to understand what resources are available to you, and what steps can be taken to provide quality care and financial security is vital to your dependent’s lifetime needs. Careful planning and a properly executed special needs trust can protect your loved… Read More »
Five Things You Need to Know About the Recently Enacted ABLE Act
On December 19, 2014, President Obama signed the Achieving a Better Life Experience Act (ABLE Act) into law. The ABLE Act will allow special needs individuals or certain individuals with disabilities to establish tax-free savings accounts that can be used to cover expenses not otherwise covered by government sponsored programs. These accounts can be… Read More »
