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Special Needs Parents Need To Consider Life Insurance

BY JOHN LATONA Parents of a special needs child will spend a lot of money on care throughout their child’s lifetime. Recurring expenses of any kind are what define a family’s financial lifestyle, so more bills and specific needs means a more expensive lifestyle. Raising Children is Expensive Kids are expensive. (You don’t say…) As a parent of two young children, I know this first-hand. For those of you who have your first child on […]

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Bipartisan legislation introduced to enhance ABLE accounts

Source Autism Speaks New legislation was introduced late yesterday in Congress to enhance Achieving a Better Life Experience (ABLE) accounts. Nineteen states currently offer ABLE accounts, which allow individuals to save for short- and long-term disability-related expenses on a tax-favored basis. The new legislation – ABLE 2.0 – includes three separate bills: ·      ABLE to Work Act would provide additional incentives for savings for ABLE account holders who work. This bill would qualify ABLE accounts […]

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Special Needs Planning

DEALING WITH THE FULL PICTURE BY CALEB HARTY What does “special needs planning” really mean? I often speak with people that believe that they’ve completed their special needs planning simply because they established a Special Needs Trust (SNT). Of course, SNTs are an  extremely important component of planning for a loved one with special needs. When set up correctly, an SNT allows an individual to remain eligible for public benefits, while the trust owns a […]

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Issues To Consider Regarding Guardianship And Supported Decision-Making

BY HUGO DWYER & VOR’S COMMITTEE ON GUARDIANSHIP RIGHTS Individuals with intellectual and developmental disabilities (I/DD) and their parents, family members and guardians may have heard about Supported Decision-Making (SDM), an initiative that could affect their decision-making rights. Some see SDM as an alternative to guardianship, while others view it as an attempt to remove the legal instrument that provides a safety net for vulnerable individuals. VOR is a national organization that advocates for high […]