Special needs planning is an ongoing process. It is essential to periodically review and monitor your plan to be sure it is still serving its intended purpose and is up-to- date with the current laws. Here are some elements that should trigger a review of your plan.
- Your child will turn 3, 15, 18 or age 21/22. These are the planning pressure points that align with natural life transitions in families with children with disabilities. Many times a change in services or benefits available will occur at these points in time.
- There is (or will be) a change in your child’s health, the level of supports needed or provided for them or their financial/employment status.
- There is a change in your (parent and /or caregiver’s) employment , financial situation, health or marital status (death or divorce).
- The birth of another child.
- There is a change in grandparents’ health –this should prompt a review with their advisors, as well as your own.
- A change in state rules and statutes regarding services and eligibility – it is important to stay informed and check in with your advisor for help.
- A change in beneficiary, truste or successor trustee status or information.