Financial Planning Pressure Points

Posted by Patricia Manko on Thu, Mar 15, 2012 @ 02:25 PM

couple with financial crisis
All too often, we are contacted by family members in a time of crisis. Some noteworthy pressure points are:
  • at your child's 18th birthday, or
  • upon the turning of age 22, or
  • upon the death of a parent or grandparent, or
  • loss of SSI or SSDI benefits due to improper planning.
If assets, investments, insurances, and estate plans were properly coordinated ahead of time, families would not be forced to make compromising decisions in a crisis.

Implementing a comprehensive plan that addresses the planning pressure points in advance enables you to feel confident in your decisions. Frequently, families address the financial, legal and social aspects of planning as individual efforts. In many cases they only address the legal documents of wills and special needs trusts. Comprehensive special needs financial planning goes beyond wills and trusts.

It is important to coordinate these components as an organized and coherent strategy. To do so, we have created The Five Factors (TM) of Special Needs Financial Planning. They are:Family & Support, Emotional, Financial, Legal, and Government Benefits. We outline these in "The Special Needs Planning Guide: How to Prepare for Every Stage of Your Childs Life" (Brookes Publishing Co.).


Tags: Special Needs Financial Planning, financial planning

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