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Planning for Individuals with Special Needs
General Information
Planning for Individuals With Special Needs
Planning for the future of an individual with special needs requires preparation and professional guidance. You may need help creating strategies aimed at protecting assets, providing additional income and preventing the loss of government benefits.
Planning for the future of an individual with special needs requires preparation, careful research and experienced professional guidance. While each family’s situation is different, most financial and estate plans center around these primary objectives:
- Protecting the assets of the individual with special needs
- Providing additional income to facilitate a better quality of life
- Preventing the loss of government benefits, including Supplemental Security Income
- Balancing the needs of other family members and beneficiaries
If you have special needs, or if you are the spouse, parent or grandparent of an individual with special needs, there are unique planning techniques you may consider to:
- Help protect your family’s assets and assure that your family member with special needs receives maximum resources to improve his/her quality of life
- Analyze various planning strategies and conduct periodic plan reviews
- Make referrals to Special Needs Attorneys and Life Care Planners*
- Evaluate available resources
- Provide a wide range of trust services through Citigroup Trust and Comerica
This information was obtained through conversations with Olly Orton, a Financial Advisor with Smith Barney in Huntsville, AL. Olly Orton may be reached at olly.orton@smithbarney.com or (256) 535-2834.
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