Financial planning for the special needs community is essential, and there are many misconceptions surrounding it. In this video I am debunking these myths to provide you with a better understanding of the importance of financial planning for special needs individuals and their families.
Chapters: 00:00:00 Start 00:00:17 Myth #1: Special needs trusts are unnecessary because my child receives government benefits. 00:00:45 Myth #2: Only wealthy families need a financial plan for their special needs child. 00:01:14 Myth #3: Estate planning is only necessary for families with significant assets or property. 00:01:39 Myth #4: Once a financial plan for my child is created, it cannot be changed. 00:02:03 Myth #5: Retirement savings can be used to support my child with special needs. 00:02:23 Myth #6 - Special needs individuals cannot work. 00:02:45 Myth #7 - A will is enough to secure a special needs individual's future. 00:03:05 Myth #8 - Financial planning is only necessary for those with extreme disabilities. 00:03:28 Myth #9 - Government benefits will cover all expenses. 00:03:51 Myth #10 - Financial planning is too expensive.
