Families planning for a loved one with special needs have various financial tools to consider, including these three options: 529 Plans, ABLE Accounts, and Special Needs Trusts—each offering distinct benefits for tax savings, government benefits eligibility, and spending flexibility.
Financial planning for families with special needs.
If you or a loved one has disabilities or special needs, you know that the costs related to care can be substantial. The good news is you may be able to reduce these costs by maximizing the tax strategies available to you.
If you have a minor child or dependent loved one with special needs, chronic illness, or any disability, special needs financial planning concerns are likely top of mind.
As a former in-home therapist of children with Autism Spectrum Disorder (ASD), I will always cherish the many heartwarming moments with the children, the challenges we worked together to overcome, and the families who welcomed me into their homes as though I always belonged.
