Special Needs Families

What to Expect to Cover

  • Letter of intent: written by the client family and guided by the financial planner, mental health professional, attorney, or a combination to provide continuity of care for the disabled dependent

  • Investments and cash flow: planning for multiple generations, lifetime supplement expense assessment, supplemental security income (SSI) or Social Security disability income (SSDI) for the disabled dependent, state benefit management, asset ownership limitations, residential planning, and funding

  • Legal: special needs trust, beneficiary designation issues, guardianship of an adult dependent, and compliance with benefit program requirements

  • Taxes: additional available deductions, and gift and generation-skipping tax planning related to funding the SNT

  • Risk management and insurance planning: Medicaid, and many times a permanent life insurance policy, is needed to fund an SNT