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Special Needs Family Planning Strategies

At Brumbaugh Wealth Management, we understand on a very personal level the challenges associated with financial planning for special needs families. Kimberly Brumbaugh, Founder and CEO, has a special needs child, and has walked this path herself.

If you have a child with special needs, we will work with you to:

  • Understand the intricacies of Social Security and Medicaid. Government aid and benefits are confusing, to say the least. We will help you understand how the system works so that you can be a knowledgeable advocate for your child.
  • Establish financial strategies to provide support for your child. Frequently, a special needs child should not inherit assets outright, because those assets could potentially jeopardize the receipt of government assistance. We will help you leave funds in such a way that your child can still benefit from federal assistance.
  • Develop a letter of intent. Caring for your child extends beyond ensuring their financial position. You also want to be sure that whoever has the ongoing care of your child knows his or her likes, dislikes, and idiosyncrasies. While not an official document, a letter of intent can provide this type of instruction, giving your child a better chance at a comfortable life.
  • Decide on ongoing care. There are many options to consider when it comes to ongoing care. For instance, should a family member be the guardian? Would a friend outside the family be a good choice? Would group housing be beneficial? We will help you assess the answers to these questions to provide for your child’s future.
  • Designate a trustee. Sometimes it happens that the person who is a child’s guardian may not be the best person to manage the child’s money. We will work with you to find the right individual who can manage your child’s money.

There is nothing as important as your family. We are dedicated to ensuring lifetime care and quality of life for your special needs family member.

 



P 610.458.2495
F 610.458.7873
ngarganio@brumbaughwealth.com
Eagleview Corporate Center
760 Constitution Dr. Suite 100
Exton, PA 19341
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 Registered associates of Brumbaugh Wealth Management are registered representatives of Lincoln Financial Advisors. Securities and investment advisory services offered through Lincoln Financial Advisors Corp., a broker/dealer (member SIPC) and registered investment advisor. Insurance offered through Lincoln affiliates and other fine companies. Brumbaugh Wealth Management is not an affiliate of Lincoln Financial Advisors Corp.

In MI, securities and advisory services offered through Lincoln Financial Advisors Corp., a broker-dealer, registered investment advisor and insurance agency. In CA, insurance offered through Lincoln Marketing and Insurance Agency, LLC and Lincoln Associates Insurance Agency, Inc. In WA, insurance offered through Lincoln Financial Advisors Corporation and LFA, Limited Liability Company and other fine companies. In UT, LFA Insurance Agency - insurance offered through Lincoln affiliates and other fine companies. In all other states, insurance offered through Lincoln affiliates and other fine companies.

CRN-1256746-072315

We are licensed in the following states: AZ, CA, DC, DE, FL, VT, GA, MA, MD, MI, NC, NJ, NV, NY, OH, PA, RI, TN, TX, VA.
 


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