ສິ່ງທີ່ຄວນຮູ້ກ່ຽວກັບຄວາມໄວ້ວາງໃຈຄວາມຕ້ອງການພິເສດ, ຈາກຄ່າໃຊ້ຈ່າຍໄປຫາການຊອກຫາການຊ່ວຍເຫຼືອ

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Special needs trusts are essential for the well-being of a person with special needs, experts say.

“The most important reason for a special needs trust is that individuals with special needs often are unable to make appropriate financial decisions for themselves and/or are at risk for financial exploitation by others,” said certified financial planner Mike Walther, founder of Oak Wealth Advisors in Northbrook, Illinois.

Equally important, according to Charles Italiano, assistant director of Westchester Disabled On the Move in Yonkers, New York, “is to maintain eligibility for public benefits such as [Supplemental Security Income] and Medicaid, and enable children with special needs to have a fulfilling life.”

ເພີ່ມເຕີມຈາກການປ່ຽນແປງຊີວິດ:

ນີ້ແມ່ນເບິ່ງບົດເລື່ອງອື່ນໆທີ່ສະເຫນີມຸມທາງດ້ານການເງິນກ່ຽວກັບຈຸດສໍາຄັນຕະຫຼອດຊີວິດ.

Why do many people with special needs need to be on government assistance?

Because the cost of care can be astronomical, said Michael Beloff, ຄູ່ຮ່ວມງານແລະ Chartered Special Needs Consultant with Belvedere Wealth Partners in Stamford, Conneticut.

For example, daytime support services for a severely impaired individual can run more than $100,000 per year, while a group home in the Northeast can run from $140,000 to $300,000 per year, he said.

“Depending on the nature of the impairment of the individual, most families cannot afford to fund these services out of their pockets during their lives and after their passing,” he said. “That’s where Medicaid comes in.”

As SSI and Medicaid recipients are allowed limited income and only $2,000 in liquid assets, it becomes imperative that families shelter assets in special needs trusts to ensure their loved ones do not lose this life-saving government financial support.

Special needs trusts should be drafted as soon as the child has a special needs diagnosis, Walther said.

Two types of trusts

Working with attorneys

Source: https://www.cnbc.com/2022/05/21/what-to-know-about-special-needs-trusts-from-costs-to-finding-help.html