The need for Special Needs Planning has increased and is continuing to increase every year. For example, in 1992, there were roughly 15,500 children ages 6-22 who were diagnosed as having Autism. In 2006, the number was a staggering 224,500. Additionally, in 2006, there were an estimated 24.9 million adults with some serious psychological distress. In other words, the statistics show that almost every family either knows of someone or has someone in their family who will need help managing personal care or finances at some point in the future. And, in these types of cases, the individual’s disability does not necessarily decrease their life expectancy. Thus, many families in this position are seeking guidance on how to provide the best quality of life for their loved one for their entire lifetime (which could be for more than 70 years).
If you find yourself asking any of the following questions and are looking for some help answering these questions, you need Special Needs Planning.
- Who will care for my loved one when I am no longer around or are unable to care for them myself?
- Who will be an advocate for my loved one’s personal and financial well-being?
- Where will my loved one live?
- How much independence will my loved one be able to maintain?
- How much money do I need for my loved one’s entire lifetime?
- Will the current funds available be enough?
Please contact a Golden Financial Services Advisor for some planning guidance and help answering these questions. We will provide you the necessary assistance in creating a Life Plan for the future of your loved one.