Special Needs Settlement Planning
Without a proper plan, many people who receive a large settlement or other proceeds struggle to manage it. Not to mention, individuals receiving these large sums of money may jeopardize their eligibility for essential government benefits.
Our team of special needs planners and financial advisors creates strategies to help families properly allocate the proceeds from a legal settlement, while preserving the beneficiary’s eligibility for government benefits programs for their future care needs.
What Does Settlement Planning Include?
Settlement proceeds allocation: Getting funds into the right financial vehicles and developing a strategy designed to meet the lifelong needs of the person experiencing disability.
Government benefits planning: Identifying ways to minimize the impact the settlement has on the government benefits your loved one receives.
Estate planning: Coordination with your estate planning professional to ensure all aspects of your plan coincide with the long term vision for the individual experiencing disability.
Tax Planning: Analyzing income tax reduction strategies as well as tax credit and deduction opportunities.
Who Needs Settlement Planning?
Settlement planning is appropriate for people with disabilities and their families who are managing a large settlement. Our team can help guide families before and after the proceeds from a settlement arrive. We work together with families to establish the appropriate financial approach according to the needs of the person with a disability, and the family’s vision.