Unique Financial Planning Steps for Stage IV

Posted by Patricia Manko on Tue, Oct 02, 2012 @ 05:36 PM

hands resized 600Stage IV- Child's age 22 & beyond

 At this point, since your child is now leaving the public school system and services, you should have already gone through the transition planning.  A day or supported employment program, as well as residential eligibility,should already be established.  

  •  If you have not yet identified local support agencies that specialize in providing information and services for your child’s specific needs, you need to do so as soon as possible. 
  •  Do not assume that the Government will fully provide for your child’s lifetime needs. Find your voice for advocacy. 
  •  Maintain a balance in your overall planning, to include the needs for your other children as well as yourselves – both personal and financial.
  •  Determine an adequate amount of life insurance needed in the event of a premature death of a caregiver. 
  • If the individual with disabilities is able to express his or her own personal vision of the future, he or she should be included in discussions at this point.
  • If the individual with disabilities is gainfully employed and able to earn an income he or she may also have an appreciation for and understanding of money.  If so, he or she should be encouraged to participate in the planning process.

Tags: Special Needs Financial Planning

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