Tax Planning for Families of Special Needs Children

The information in this article is educational in nature and is not to be considered tax advice. Please contact a qualified tax professional to discuss how these concepts may or may not apply to your personal situation. Summary of Tax Cuts and Jobs Act (TCJA) as it Relates to Families The Tax Cuts and Jobs Act of 2017 (TCJA) is the big tax reform bill that passed at the end of 2017.  In addition to […]

Increase in Developmental Disabilities Among Children in the United States

Pediatrics has published a new study that describes how often developmental disabilities were diagnosed among children in the United States, and trends over time. In this study, scientists from the Centers for Disease Control and Prevention (CDC) and the Health Resources and Services Administration (HRSA) found that 17% of children aged 3–17 years had a developmental disability, and importantly, that this percentage increased over the two time periods compared, 2009–2011 and 2015–2017; increases were also […]

Managing Multiple Sclerosis

Treatment Can Delay Future Attacks Most of the time, multiple sclerosis, or MS, starts mildly, with unpredictable symptoms that can seem baffling. Without treatment, the disease can worsen to the point that you can’t write, speak, or walk. MS starts when the body’s immune system slowly attacks the fatty coating around nerves. Without an intact coating, communication between nerves and the brain becomes impaired. However, it may be years before the first symptoms appear. The symptoms […]

5 Reasons to Consider a Special Needs Trust

BY Dawn Doebler, MBA, CPA, CFP®, CDFA®, Senior Wealth Advisor Here are 5 common reasons for establishing a special needs trust that applies to your family member with a disability. In my last article, I outlined the benefits of ABLE accounts. For many families, ABLE accounts sufficiently meet their desire to provide assets for special needs family members. In higher net worth families, ABLE accounts are the first step in structuring a long-term financial plan […]

How ABLE Accounts Support Special-Needs Children and Their Families

BY Dawn Doebler, MBA, CPA, CFP®, CDFA®, Senior Wealth Advisor ABLE accounts are an important planning tool alongside more-traditional techniques such as special-needs trusts. One financial challenge that many families with special-needs children confront is funding the ever-growing expenses that their child may need over their lifetime. With additional costs of important medical and support care often reaching over $100,000 per year for a special-needs child, many families look to special government programs to fill […]