Author: Phillip C. Clark, Founder and President, ENABLE Special Needs Planning, LLC
Consider these statements…
- “My child won’t ever be able to do ____.”
- “We need to figure out how we are going to support our child when we, as parents, are gone.”
- “How can we make sure our government benefits cover all of our expenses?”
- “We have to make sure you have a sound strategy to fund your Special Needs Trust.”
These statements–uttered by both parents and professionals–are made daily because my industry has made special needs planning into a process that is focused on keeping families stuck with limited expectations and a limited mindset about the future.
Continue reading “Special Needs Planning: Why the Traditional Planning Industry has it ALL BACKWARDS”
Many families with children with special needs have questions about ABLE Accounts and Special Needs Trusts (SNT), including:
- What are the similarities and differences between them?
- Should I set up an ABLE account, a SNT, or both?
- How will planning in this area help my child live a purposeful and impactful life?
Continue reading “ABLE vs. SNT: Similarities and Differences”
Wondering whether you can open an ABLE account in your state?
Here’s the GREAT news: “No matter which state you call home, you can open your ABLE account in any state with an active ABLE program” (ABLE National Resource Center).
Continue reading “Can I Open an ABLE (Achieving a Better Life Experience) Account in my State?”
If you’re reading this post, it’s probably not the first time you’ve thought about Special Needs Planning.
You may have read a handful of books on the topic. Many people in your life may have told you it is important to start planning as early as possible. Maybe, you have started the process of planning and have implemented some strategies that will help secure your child’s future.
So why is it that with all the books in circulation, people willing to give you advice, and basic planning strategies implemented—you still feel stuck? Why do you still not have complete peace of mind about the future?
Special Needs Planning involves so much more than just Financial and Legal planning. The FIVE areas of a Comprehensive Special Needs Plan are Continue reading “3 Emotions That Stall Your Special Needs Planning Process… and 1 Secret to Overcome Them All”
Legal Planning is an essential element of a Comprehensive Special Needs Plan and is likely one of the areas you’re most familiar with. It’s vital to get this step right, but Legal Planning is not where I begin planning conversations with my clients. And it’s not where I encourage you to begin your planning process either.
Traditionally, the purpose of Continue reading “Legal Planning: Are You Prepared for The Future? Age 18 and Beyond…”