There is no subject in the world of financial planning that is more complicated than Special Needs planning. Families who find themselves in this situation are chiefly focused on the daily requirements of caring for their loved ones and often find the legal, tax, and financial components to be completely overwhelming. In addition to that, traditional goals-based financial plans can be very difficult to implement in a situation fraught with uncertainty.

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Working in tandem with your legal and tax advisors, David takes the following approach to serving his clients who care for someone with special needs:

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• Ensuring that your cash flow is positive so that you can cover your various needs, afford unexpected expenses, and maintain Medicaid eligibility.

• Assessing the level of risk your family faces if you were to become disabled or lose your job, then taking steps to protect you if this were to take place.

• Analyzing your best investment options, considering options like ABLE Accounts, Special Needs Trusts, and Miller Trusts.

• Working to ensure that you are effectively utilizing the tax incentives that caring for a special needs family member may qualify you for.

• Maintaining appropriate documents to ensure that if something were to happen to you, the right people would be tasked with looking after your family member.

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Please note: we do not provide legal or tax or accounting advice. Please seek out your other professionals for that advice (attorney, CPA).

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