Coming from a family passionate about helping disabled individuals, one of Phil's consulting focus is on planning for parents with special needs children to provide peace of mind in a changing landscape.As your representative, he will analyze areas such as:
An integral step in the planning process is to ensure that your family member is financially secure, especially when you are no longer there to be an advocate, and to maximize all resources available to him/her. This financial stability could be achieved through a Special Needs Trust.
A Special Needs Trust is created for the benefit of a dependent with a special need or disability. This trust has several functions, two of which are paramount:
Funding the TrustIn addition to creating the trust document, proper funding is essential. Your personal and family situation may dictate certain approaches.
Points to ConsiderWhen planning the financial well-being of a loved one with disabilities, it is important to:
Team of ProfessionalsSpecial needs planning can be complex, so it is important to understand the team of professionals you should work with for proper planning. This team should include a: