Special Needs Planning
Planning Resources
When you have a child with special needs, there is so much you need to know to reach your financial goals for yourself and your family. In addition to meeting with one of our advisors, here are some additional tools to help along the way.
Social Security Guidelines
Social Security benefits may not be necessary, but you want to be prepared should they become necessary. We can help you allocate finances in a way that provides the maximum Social Security benefit to your child.
Special Needs Trusts
Beore you meet with an attorney to create a trust for a child with special needs, we can work with you to understand the different types of trusts and the benefits of each. This can significantly reduce your legal expenses.
Guardianship
When your child turns 18, there are several options available as to their guardianship. We'll go over each of these with you to ensure you're choosing what's right for your family once you meet with an attorney to start the process.
Family Assets
We work with you to ensure that you have the money you need to care for your child. We'll also help you develop a financial plan that allows for your retirement, as well as for the care of your child once you're unable to provide it.
Continuity of Care
Children with special needs require specific care, activities, scheduling, prescriptions and more. We can help develop an "instruction manual" that covers your child's needs should someone else need to take over.
Post-Education
Many children with special needs are eligible for daily education through age 21. We can help you develop a plan for after their 21st birthday by reviewing available options including individual care, adult day care, employment, etc.
Settlement
Planning
Receiving a disability-related settlement is often both life-changing and stressful. We work with your legal team to receive the settlement proceeds, coordinate the necessary legal documents and develop an investment strategy that makes sure the assets provide what you need, for as long as you need them. This includes considering tax implications, and addressing the preservation of Medicare or Medicaid when appropriate.
Planning Resources
When you have a child with special needs, there is so much you need to know to reach your financial goals for yourself and your family. In addition to meeting with one of our advisors, here are some additional tools to help along the way.
Effective Estate Planning Beyond Tax
Estate Planning and Individual Retirement Accounts
What to Know About Special Needs Trusts
Special Needs Trusts and Trust Protectors
Meet the Team
Heath Burch
Private Wealth Advisor, CFP®, CTFA, ChSNC®
With degrees in both Finance and International Business, Heath’s financial career began in 2000, and soon after, he found his calling in helping families who have children with special needs.
And as a CERTIFIED FINANCIAL PLANNER™ professional, Certified Trust & Fiduciary Advisor, and Chartered Special Needs Consultant® he has the insight and experience to help develop a plan that’s suitable for both you and your child’s needs.
Scott Adams
Private Wealth Advisor, CFP®, CTFA, ChSNC™, ChFC®, CLU®
Scott is the proud parent of three children with special needs who understands the specialized knowledge required to plan for their unique future.
Since becoming a financial advisor in 1994, Scott has earned designations of CERTIFIED FINANCIAL PLANNER™ professional, Certified Trust & Fiduciary Advisor, Chartered Special Needs Consultant®, Chartered Financial Consultant®, and Chartered Life Underwriter®.
Securities and advisory services offered through Copper Financial Network, LLC (“Copper Financial”), a broker-dealer and SEC registered investment adviser. Member FINRA/SIPC. Copper Financial is a wholly-owned subsidiary of CommunityAmerica Credit Union (“CommunityAmerica”) and makes non-deposit investment products and services available to its members. Representatives are registered with Copper Financial. CommunityAmerica and Special Needs Planning Center are not broker-dealers or investment advisers. For important disclosures from Copper Financial please visit here.
Copper Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed.
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