When a child or family member has special needs, the people who love them want to make sure they are taken care of. This is a complex and important issue. Planning for the financial future of a special needs family member is done with the unique needs of the person and their current and future financial situation in mind. Deciding how to plan the financial future of a special needs person is a complex situation and you should consult the right professionals for advice.
Many people mistakenly leave assets to their disabled loved ones. This causes problems because inheriting a large amount of money or assets can disqualify this person for government assistance they rely on. With the recent passing of the ABLE act, there are more options for planning your loved one’s future.
This week on Money Wise Radio with Ray Lantz (WBSM 1420 AM or on the Radiopup app) -- we discuss these complex issues with Beatrice Oliveira from the Schwartz Center in Dartmouth, MA and Attorney Tenney Lantz of Lantz Law, an estate planning and asset protection law firm that assists families with special needs planning. We will also discuss The Schwartz Center’s annual fundraiser event, Fishing for a Cause, with marine biologist Ray Jarvis from Salt of the Earth that will take place on June 26-27th.
Tune in to Money Wise Radio with Ray Lantz on Sunday March 29th on WBSM 1420AM at 8:00 A.M. to learn about the wonderful work being done at the Schwartz Center and how to contribute to this important cause that helps special children with special needs.