This blog entry serves to highlight special needs financial planning (SNFP) reactions to COVID 19. Some challenges are unique to families where an individual has an intellectual and/or developmental disability.
The goal of the Stuart Flaum Planning Team has always been to focus on special needs financial planning. We help people find financial opportunities. These opportunities usually consist of family resources, as well as government benefits. The goal is to help people with ADD, ADHD, and IDD (including people with autism spectrum disorder, cerebral palsy, down syndrome, and intellectual disability) live happy, meaningful and secure lives in the community.
COVID 19 Uncertainty and Special Needs Planning
As a result of COVID 19, many uncertainties have emerged among the families we work with. Some, but not all of the uncertainties are:
1) How will the COVID 19 pandemic, in addition to federal and state deficits, affect medicaid waivers for people with IDD?
2) How will the COVID 19 pandemic affect the ability of IDD state agencies to be reliable and trustworthy resources?
3) How will COVID 19 change the resources of families, as well as their ability to plan for the now and for the future?
The Stuart Flaum Planning Team has seen an increase in the willingness of families, including their dependents, siblings, and grandparents, to engage in much more meaningful planning conversations. Many families recognize that the financial disturbance and the closure of state agencies during the pandemic requires them to take personal responsibility. If you find yourself in that situation, act now. Start a plan now; review or revise your special needs financial plan.
Contact the Stuart Flaum Planning Team and learn how we facilitate financial and legal planning using self determination, self direction, government benefits, housing and unique financial security strategies. Experience our unique and effective special needs financial planning strategy, since 2008.