Articles that focus on the financial challenges related to people with autism (Supplemental Security Income (SSI), government programs, savings accounts, wills, cost of programs, therapies, a lifetime of care). This includes articles by financial advisors.
Lifetime support for an individual with a disability requires people. This statement may sound obvious; however, in planning for an individual’s future, the people who will care for them are rarely discussed in detail. Special Needs Planning often stops after the discussion of a Special Needs Trust, future guardians, and government benefits. It is common […]
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Could you compare, from a high level, ABLE accounts and a Third Party Special Needs Trust? From a high-level perspective, ABLE accounts and Third Party Special Needs Trust are the same in one main way, any money positioned in these accounts are not counted as a resource when an individual with a disability applies for […]
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I am sure you have heard the saying, “the left-hand doesn’t know what the right hand is doing.” This statement can be quite evident when the decisions by the US government are explored. For many individual states, the minimum wage became a hot-button issue, and quite a number of state governments decided to pass laws […]
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Parents, families, and adults have the same burning question, “What happens when school is over?” In the past, the answer was for the child to continue to live at home with parents or in a group home setting, possibly work part-time at a fast food restaurant, grocery store, pet store or maybe just be able […]
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Could you describe the changes in the ABLE account rules that were brought about by the new federal tax legislation? As most of you know, the ABLE Act was passed back at the end of 2014 and paved the way for individuals diagnosed with a disability before the age of 26 to save money without […]
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Question: “We have three children, and only one of our children has autism. How do we know the amount of money we need to provide for each of our children?” It is very common to feel uneasy about determining the amount of money that your child with autism may need for a lifetime of support […]
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Question: I heard that government benefits are something we should be considering for my daughter, but I have also been told that our family will not qualify. Should we apply, and if so, how? — Ben Access to government benefits can be beneficial due to the fact they can help pay for services that your […]
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Question: It is one of my New Year’s Resolutions to assemble a plan for my son’s future, but I have not been able to get started yet. I just don’t know where or how to start. What should my first step be? — Laura I can certainly understand not quite getting started on your New […]
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Question: “My husband and I have been researching special needs trust, and we have realized there are multiple types. Would you mind describing the types of special needs trusts that exist and the reasons for each? Answer: You are correct. Special Needs Trust is a broad term that can comprise various types of trusts. We […]
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Question: It is the beginning of a new year, I want to start saving for my child’s future, and I heard quite a bit about the ABLE Accounts. Is an ABLE a good account to begin saving in for my child’s future? — Abigail Saving for your child’s future is a great step in helping […]
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