Disability Benefit Consulting
We help families and individuals with a disability diagnosis navigate programs available to individuals experiencing physical, intellectual and developmental disabilities (I/DD). We provide financial planning and advice exclusively tailored to you and your unique situation.
Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk.
Life Care Planning
A Life Care Plan is a tailored road-map focused around the person with a disability. It incorporates everything from Special Needs Trusts, and Government Benefits like SSI and SSDI, to IEP's, Housing, Employment, and ABLE Accounts.
A Life Care Plan is created to help bring together all of the important people and programs involved in caring for you or your loved one. It is to be used to help guide successor caregivers as they care for your loved one after you're gone.
Special Needs Trusts
A Special Needs Trust (SNT) provides supplemental funding for a designated beneficary with a disabilty. When it's time for assets to be distributed from the SNT, beneficiaries can receive funds without losing government benefit eligibility as long as those funds are used to cover allowable expenses.
Families and loved ones can fund a SNT for the beneficiary. A beneficiary can also fund their own SNT. The type of SNT to be created is determined by where the funds come from that flow into the trust.
ABLE Account Strategies
The ABLE Act, passed in 2014, allows for the creation and use of an exempt and tax advantaged account that does not jeopardize a beneficiary's eligibility for government benefits.
ABLE Accounts allow contributions by the participating beneficiary, family and friends to an account for the benefit of the beneficiary. ABLE accounts can be funded by direct contributions or work contributions made by the employed beneficiary.
Funds grow tax free and can be spent on any number of qualifying expenses for the beneficiary.