Financial Strategies for Families with Special Needs
Providing care for a loved one with special needs takes time and energy. Creating a long-term financial strategy for your family can help.
Did you know:
- More than 15% of Americans age five and older have some sort of disability.1
- Less than 20% of families with special needs children have planned for the future.2
Individuals with special needs are living longer than ever before. Parents and guardians not only need to financially prepare for their lifetimes, but the lifetime of their loved one as well. There is the concern that without proper preparation, government benefits could be reduced or stopped, and assets set aside for the family member could be depleted. Also, parents should outline who will fulfill caretaking responsibilities upon their death.
Ibis Financial Group has an informal five-step process that can help you take action and make critical decisions. The result is a personalized financial strategy that considers your entire family's future. It can help ensure:
- An easier transition for your family members when you're gone.
- Sufficient assets are available for your loved one with special needs.
- Eligibility of governmental benefits.
- The care and lifestyle you want for your loved one.
 Our relationship with local estate planning attorneys who work with families with special needs children can go a step further. A comprehensive strategy can be implemented to ensure the parent's wishes are carried out if they cannot personally see to it themselves. Thinking ahead for special needs care can include:
- Special Needs Planning
- Special Needs Trust
- Special Instructions
Contact us today to discuss our process and how we can work together to help your love last beyond your lifetime.
Ibis Financial Group does not provide specific legal advice.
Helpful Reading Materials:
- The Special Needs Planning Guide: How to Prepare for Every Stage in Your Child's Life, by Cynthia R. Haddad, CFP® and John W. Nadworny, CFP®
- Do You Hear What I Hear? Parents and Professionals Working Together for Children with Special Needs, by MSW, ACSW Janice Fialka and PhD Karen Mikus
- You Will Dream New Dreams: Inspiring Personal Stories by Parents of Children With Disabilities, by Stanley Klein and Kim Schive
Helpful Resources (Please check local listings for chapters in your area):
- American Association of People With Disabilities - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.aapd.org
- Autism Society of America - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.autism-society.org
- Autism Speaks - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.autismspeaks.org
- Learning Disabilities Association of America - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.ldanatl.org
- National Alliance on Mential Illness (NAMI) - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.nami.org
- National Downs Syndrome Society of America - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.ndss.org
- National Multiple Sclerosis Society - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.nationalmssociety.org
- United Cerebral Palsy - When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.ucp.org
1 US Census Bureau, 2007
2 Future Planning, Autism Society of America, January 2008 (When you click this link you will be leaving our web site. You will be viewing material from another web site that may not be regulated under the same standards as Registered Securities Firms/Broker-Dealers.
Information in this section is not to be considered a recommendation or an offer to purchase any product.
Our company makes no representation as to the completeness or accuracy of the information provided at these sites. We accept no liability for any direct or consequential loss arising from any use of this information or its content. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through these sites.www.autism-society.org)
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