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Posts Tagged ‘new york special needs planning’

Report Highlights Difficulties Facing Continuing Care Retirement Communities

Continuing care retirement communities are gaining in popularity as alternatives to home or nursing home care. A recent report released by the Government Accountability Office outlines some of the challenges these communities face, given the current economic climate. Continuing care retirement communities (CCRCs) consolidate a range of services, from housing to full nursing care, into [...]

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Planning for the Future: A Common Concern

With an estimated 21 million families in the U.S. having at least one family member with a disability, your family is not alone. Also common with such families is the need for special needs planning. Have you planned for the future of your loved one with special needs? Perhaps your loved one’s needs are currently [...]

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Parents Should Prep for an IEP Meeting

If you are the parent of a child with special needs, you already know that a meeting is required at least once a year with school officials to discuss your child’s Individualized Education Program (IEP). Education is one of the most important things in a child’s life, so it pays to be prepared. What specifically [...]

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The Role of Life Insurance in Special Needs Planning

Life insurance is key to planning for the future of your child with special needs. With the daily demands of caring for your child, you may sometimes forget about his later years when you are no longer around. But it’s imperative to think about how he will be cared for in the future. One of [...]

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Filling the Empty Nest

With many recent high school graduates preparing to go off to college, parents may begin to grow concerned about their children’s ability to take responsibility and go out on their own. Although most graduates are legal adults when they leave the house, many of them are not ready to take on the responsibilities that come [...]

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Planning for the Education of Your Child with Special Needs

Making sure that your child with special needs gets the education he deserves will require you to become your child’s advocate and take an active role in education planning. In order to do so, you need to understand the education laws that affect children with disabilities. The Individuals with Disabilities Education Act (IDEA) requires that [...]

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How Much Long-Term Care Insurance Is Enough?

Long-term care insurance provides coverage for care administered outside a hospital setting. Good policies provide payment for custodial care services, such as preparing meals, doing laundry, and shopping. While Medicaid requires that custodial care be provided in a nursing home, long-term care insurance generally covers custodial care in the insured’s home, an assisted living facility, [...]

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Estate Planning for a Special Needs Child Can Present Unique Challenges

Parents often face many challenges when preparing an estate plan, as they must consider how best to provide for their children after they are gone. Parents of a child with special needs, though, are faced with several unique challenges. They will want to develop a plan that safeguards the quality of the child’s life, supplementing [...]

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Talking with Your Extended Family About Your Child’s Special Needs Trust

If you have a child with special needs, you should talk to extended family members who may be intending to make a gift or bequest. Extended family members may have your child’s best interests at heart, but they may be unaware that the money they leave to your child could jeopardize eligibility for government benefits. [...]

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The Importance of Letters of Intent

While it’s important for the parents of a child with special needs to provide for the child’s financial well-being in their estate plan, it’s equally important to address the issue of transitioning to life with a new caregiver. That’s the purpose of a letter of intent, which is intended to assist future caregivers by describing [...]

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