Special Needs Planning Seminar in Cedar Grove, April 21, 2016

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:

  • Attorney- Lori Wolf, Esq.

  • Financial Professional- Joseph Nachbauer, Prudential

Topics for presentation: 

Key differences in the planning process for Special Needs families vs traditional families:

  • Planning for two generations

  • Keeping track of changes in laws and statutes

  • 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:

  • Estate Planning

o    Special Needs Trust

o    Letter of Intent

  • Risk Protection

o    Insurance protection

  • Protect today (income replacement)

  • Fund your child’s future

  • Wealth Distribution

  • Retirement Planning

o    How much do you need to save?

Things to consider:

  1. Family Support

  2. Emotional Support – take care of yourself

  3. Financial Factors – make a plan – insurance and financial planning (save now vs save later)

  4. Legal Factors –

  5. Government Benefits – be aware of what your child may be entitled to