Special Needs- Planning for the Future Seminar Thursday, April 21st, 2016 at 7 pm.
Memorial Middle School
500 Ridge Road , Cedar Grove, NJ 07009
Presentation Team:
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Attorney- Lori Wolf, Esq.
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Financial Professional- Joseph Nachbauer, Prudential
Topics for presentation:
Key differences in the planning process for Special Needs families vs traditional families:
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Planning for two generations
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Keeping track of changes in laws and statutes
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Keeping track of key dates in your child’s life:
o Age 16 – High School Transition Planning
o Age 18 – Guardianship / Supplemental Security Income
o Age 22 – Transition Planning – end of schooling
Build a solid financial foundation:
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Estate Planning
o Special Needs Trust
o Letter of Intent
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Risk Protection
o Insurance protection
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Protect today (income replacement)
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Fund your child’s future
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Wealth Distribution
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Retirement Planning
o How much do you need to save?
Things to consider:
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Family Support
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Emotional Support – take care of yourself
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Financial Factors – make a plan – insurance and financial planning (save now vs save later)
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Legal Factors –
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Government Benefits – be aware of what your child may be entitled to