Financial Planning

Medical coverage and housing may be the two most important services to make sure are taken care of once your child turns 18.

The financial planning steps a family takes when their child turns 18 establish the foundation for the child's support and well-being for the rest of the child’s life. Therefore, it is essential that parents take extra care when planning for...

A law passed in 2014 allows people with disabilities who became disabled before they turned 26 to set aside up to $19,000 a year (as of 2025) in tax-free savings accounts without affecting their eligibility for government benefits.  ...

Unfortunately, too many trustees of special needs trusts or those who oversee funds for people with special needs don't even know that they have a duty to account for the funds they manage, let alone perform that duty correctly.

The early withdrawal penalty has been very effective at forcing retirement plan owners to keep money in their retirement accounts, but if a retirement account owner becomes disabled, the IRS will waive the 10 percent early withdrawal penalty.

Do you have a retirement plan in place that will provide enough income for you to take care of a loved one with special needs once you have stopped working? Here are some things to consider when planning for retirement.

You want to ensure that your child with special needs will remain financially secure even when you can’t be there to support them but determining how much a special needs trust (SNT) should hold is no small feat.   ...

In many cases, the trustee of a special needs trust should hire a professional investment advisor. Here are some guidelines for hiring one.

Should I leave my estate to one of my healthy children and have them use the funds for my disabled child? I'm not sure what to do or if there is a better way to handle this situation if something happens to me.