Letter of intent

A letter of intent is a guide for your child’s guardian or care team. It includes detailed information about your child that only you know and your wishes on aspects of care to be provided for your child.

ABLE account

ABLE Accounts are tax-advantaged savings accounts for individuals with disabilities and their families. ABLE account is a crucial instrument for protecting the individual’s eligibility for benefits such as SSI, SNAP, and Medicaid.

Guardianship and conservatorship

The term “guardian” refers to the person appointed by the court to make decisions of a personal nature – such as medical treatment, place of residence, and general health and safety concerns. The term “conservator” refers to the person appointed to make decisions concerning financial matters. Guardianship and conservatorship are of critical importance for disabled children approaching adulthood.

Government benefits

There are many government benefits available for individuals with a disability. Cash benefits include Social Security Income (SSI), Social Security Disability Income (SSDI), and Supplemental Nutritional Assistance Program (SNAP). Healthcare benefits include programs such as Medicaid, Children’s Health Insurance Program (CHIP). Please reach out to us to know more.

Special needs trust

One of the cornerstones of special needs planning is the creation of a “third party” supplemental or Special Needs Trust (SNT). SNTs help prevents the loss of governmental benefits, protect assets, and provide additional income.

Financial products and instruments used in planning

There is a multitude of financial products and instruments available for securing financial stability for individuals with a disability. The important thing to keep in mind is that strategy for each person/family involves a unique blend of these products. Some examples of such products are Life insurance, retirement/401K plans, annuities, government benefits, 529 College plans, and long-term care insurance.

Estate planning

Estate planning helps you direct how you want your wealth to be shared after your death. Estate planning helps avoid confusion and conflict, gives you peace of mind knowing that your family is cared for, and minimizes delays in probate.

Housing and transition

Planning for housing and transition helps plan for questions such as where to live, what amenities are required, and how to transition successfully to independent living. There are a number of organizations that provide information and services related to housing questions.