Thanks for another Successful Workshop!

 January 24, 2013
Posted by M&LAdmin4

Thursday, January 24, 2013

Last night, M&L Special Needs Planning hosted another successful workshop, Navigating the Financial World of the Family with Special Needs. I would like to thank those who took time out of their busy lives to attend – I truly love meeting and chatting with new families.

Every time we host one of these workshops, I notice that despite the unique challenges each family with special needs faces, we all share a common goal: the desire to be financially secure, and the need to ensure a happy and healthy future for our children. During these workshops, we suggest that the best way to accomplish this goal is through – you guessed it – planning! When it comes to financial planning for families with special needs, we stress the following:

You must plan for the typical family goals while adding the key pressure points of the special needs child.

The term “pressure points” refers to the periods in your child’s life when supports and services change, regardless of your location. The process of planning for both the typical family goals (for example, post-secondary education and retirement), as well as accounting for the pressure points of the child with special needs (i.e. individualized education plans and transitional planning), is what we refer to as creating a Comprehensive Special Needs Financial Life Plan.

Here at M&L, we feel that the Comprehensive Special Needs Life Plan is a necessity for every family with special needs. It is imperative that families save money for the child with special needs. Creating this plan allows families to clarify goals, identify and maximize financial resources, and learn to navigate the governmental services and benefits that are available. It provides you with a visual of personal assets and resources, and identifies deficits and surpluses in cash flow. It also enables you organize legal matters in a way that ensures that your children are protected. The key to special needs financial planning is to maximize and protect personal and public resources – proper planning is the cornerstone that will enable you to coordinate your legal and financial affairs so that you can implement the vision you have for the future of your child.

The fact of the matter is that financial planning is a life-long activity. Existing goals change, new goals emerge, and financial plans need to be updated and adjusted to reflect these changing goals and circumstances on a consistent basis.  We recognize that this process can be intimidating to the non-planner, and we are here to help!  If you have any questions, would like more information on financial planning, or would like to begin the process of completing your own comprehensive special needs financial life plan for yourself and your family, please contact us.

For those of you who would like to learn more about Navigating the Financial World of the Family with Special Needs, we are hosting another workshop on Tuesday, February 26th at the TLC (Treatment & Learning Center) in Rockville, MD. To register for this free workshop, please click here. If you are interested in having a workshop hosted in your area, please contact us. We are always looking for new venues, and are willing to travel.

Thank you so much for visiting our blog today! Here’s to a healthy, happy and productive weekend for you and your family.

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