The Special Needs Planning Guide : How to Prepare for Every Stage of Your Child's Life.

Format:

Book

Author/Creator:

Haddad, Cynthia R.

Contributor:

Nadworny, John W.

Language:

English

Subjects (All):

Parents of children with disabilities--United States--Finance, Personal--Handbooks, manuals, etc.

Parents of children with disabilities.

Children with disabilities--Care--United States--Planning--Handbooks, manuals, etc.

Children with disabilities.

People with disabilities--Care--United States--Planning--Handbooks, manuals, etc.

People with disabilities.

People with disabilities--Legal status, laws, etc--United States--Handbooks, manuals, etc.

Estate planning--United States.

Estate planning.

Physical Description:

1 online resource (405 pages)

Edition:

2nd ed.

Place of Publication:

Newburyport : Brookes Publishing, 2021.

Summary:

How can families of children with disabilities plan for lasting financial security at every stage of life? Find clear answers in The Special Needs Planning Guide, a step-by-step companion for parents as they progress through the complexities of planning for the future of their family and their child. Written by two financial planning experts who are also a parent and a sibling of a person with disabilities, this bestselling how-to guide is now in its second edition.

Contents:

Intro

Half Title

Title Page

Copyright

Contents

About the Downloads

About the Authors

About the Contributor

Acknowledgments

Introduction

How to Read This Book

Dedication

Section I: Your Planning Essentials

Chapter 1: The Special Needs Planning Timeline

Comparing Traditional Financial Planning With Special Needs Planning

The Key Stages of Special Needs Planning

Summary: Understanding the Planning Pressure Points

Next Steps

Chapter 2: An Overview of Special Needs Planning

The Need to Plan

A Closer Look at Special Needs Planning

The Comprehensive Plan: Building a Firm Foundation

Striking a Balance

The Person-Centered Plan

The Letter of Intent

Summary: Your Planning Needs and Priorities

Section II: The Five Factors

Chapter 3: The Five Factors to Consider in Special Needs Planning

Pulling the Pieces Together

Considering the Most Common Questions

Summary: Understanding the Five Factors

Chapter 4: Family and Support Factors

Family and Support Factors Across the Five Stages

Planning Around Family and Lifestyle Values

Bringing Others Into Your Discussions Early On

Summary: Understanding Family and Support Factors

Chapter 5: Emotional Factors

Emotional Factors Across the Five Stages

Emotional Obstacles to Planning

Planning in Times of Family Crisis

Emotions as a Catalyst for Positive Change

Challenges Couples Can Face

Helping Parents and Siblings Cope

Summary: Understanding Emotional Factors

Chapter 6: Financial Factors

Financial Factors Across the Five Stages

Financial Factors to Consider at Every Stage

Common Financial Tools: Four Types

Savings Accounts

Retirement Plan Accounts and Pensions

Insurance as a Risk Management Tool

Investment Options.

Summary: Understanding Financial Factors

Chapter 7: Legal Factors

Legal Factors Across the Five Stages

Estate Planning Considerations

Basic Legal Documents

Estate Tax Planning Considerations

The Special Needs Trust

Guardianship and Less Restrictive Alternatives

Legal Settlements

Summary: Understanding Legal Factors

Chapter 8: Government Benefit Factors

Government Benefit Factors Across the Five Stages

Entitlement Benefits and Programs

Non-Entitlement Benefits and Programs

The Toolkit of Government Benefits

Getting Started: Where to Find More Information

State Agencies: Funding and Supports

The Life Cycle of Services and Supports

The Importance of Advocacy

Summary: Understanding Government Benefit Factors

Section III: A Plan for Your Family

Chapter 9: Building Your Financial Framework

Planning Considerations: Finances, Benefits, and Support Needs

Four Frameworks to Shape Your Financial Planning

Families With Limited Means: Government Provides

Families With Modest Wealth: Government Provides and Family Supplements

Families With Significant Wealth: Family Provides and Government Supplements

Families With High Net Worth: Family Provides

Summary: Financial Frameworks and Flexibility

Chapter 10: Building Your Special Needs Plan

Challenges in Defining Your Plan

The 10 Special Needs Planning Steps

Special Needs Planning as a Family

Summary: 10 Steps to Build a Plan

Chapter 11: Steps 1 and 2: Creating Your Vision

Step 1: Identify and Prioritize Your Goals

Step 2: Identify and Prioritize Your Child's Goals

Summary: Creating Your Vision

Chapter 12: Steps 3 and 4: Gathering Your Information

Step 3: Know What You Have: Planning for Your Lifetime and Beyond.

Step 4: Identify What Your Child Has

Summary: Gathering Your Information

Chapter 13: Steps 5 and 6: Estimating Your Child's Needs

Step 5: Identify What Your Child Will Need Along the Special Needs Planning Timeline

Step 6: Identify Day Supports and Housing Option Needs

Putting Steps 5 and 6 Together

Summary: Estimating Your Needs

Chapter 14: Steps 7 and 8: Doing Your Analysis

Step 7: Determine What You Can Afford

Step 8: Make Changes or Adjustments as Needed

Summary: Doing Your Analysis

Chapter 15: Steps 9 and 10: Gathering Your People

Step 9: Seek Professional Supports When Needed

Step 10: Build Your Team to Carry On

Summary: Gathering Your People

Section IV: Frequently Asked Questions, Tips, Tools, and Strategies

Chapter 16: Foundational Financial Strategies and Tools

FAQ 1: How Can We Make the Most of Our Money? 10 Basic Financial Planning Tips

FAQ 2: How Can We Use Life Insurance Strategically in Planning?

FAQ 3: Which Savings Plan Option Should We Consider for Our Child?

FAQ 4: What Retirement Plan Strategies Should We Consider?

FAQ 5: Why and How Should We Consider a Roth IRA?

FAQ 6: How Do We Choose a Pension Plan Distribution Option?

Planning Tips for Choosing a Lump-Sum or Lifetime Income Benefit

FAQ 7: How Can We Maximize Social Security Benefits?

Summary: Making the Most of Foundational Financial Strategies and Tools

Chapter 17: Advanced Strategies and Special Circumstances

FAQ 1: When and How Should We Fund the Special Needs Trust?

FAQ 2: What Planning Tips Should Adult Siblings Know?

FAQ 3: How Should We Plan to Divide Our Estate?

FAQ 4: How Can Grandparents Help Financially?

FAQ 5: How Can We Best Support Our Child After Divorce?.

FAQ 6: What If We Receive a Legal Settlement for Our Child?

FAQ 7: How Do We Choose the Right Professionals to Help Us Plan?

Summary: Making the Most of Advanced Strategies and Special Circumstances

Glossary

References

Index

Back Cover.

Notes:

Description based on publisher supplied metadata and other sources.

Other Format:

Print version: Haddad, Cynthia The Special Needs Planning Guide

ISBN:

9781681254319

168125431X

9781681254302

1681254301

OCLC:

1292351942