NAPFA CE-The Road Ahead: Comprehensive Future Planning for People with Special Needs

The Road Ahead: Comprehensive Future Planning for People with Special Needs - Recording

Video Transcription

Video Summary

The video discussed the importance of special needs planning for individuals with disabilities and their families. The speaker explained various government benefits available to people with special needs, such as Supplemental Security Income (SSI) and Medicaid. She also discussed the different rules and eligibility requirements for these benefits, as well as strategies to maximize benefits while still working. The speaker emphasized the need for families to plan early, even before the child reaches 18, to ensure a secure future. The video highlighted the significance of balancing financial resources to support the individual with disabilities and also plan for the parents' own retirement and long-term care needs. The speaker also mentioned the importance of setting up first-party and third-party trusts to protect assets and secure a financial future. Other resources and organizations, such as the Academy of Special Needs Planners and local ARC chapters, were suggested as valuable sources for further information and support.

Keywords

special needs planning

disabilities

government benefits

SSI

Medicaid

eligibility requirements

financial resources

retirement planning

first-party trust

asset protection