Special Needs Financial Planners Edmond OK

Read on to learn information on special needs financial planners in Edmond, OK and gain access to public-private funding, special needs trust establishment, traditional investments, insurance services, and special needs supplement reporting, as well as advice and content on special needs financial panning.

Disability Advocates of Oklahoma, PLLC
Toll free: 877-929-3300
6301 Waterford Blvd., Suite 401,
Oklahoma City, OK
Support Services
Disability Advocacy, Early Intervention, Legal Services, Research
Ages Supported
Preschool,Kindergarten,1-5 Grade,6-8 Grade,9-10 Grade,11-12 Grade,Adult

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Oklahoma Disability Law Center, Inc.
(405) 525-7755
2915 Classen Blvd. 300 Cameron Bldg
Oklahoma City, OK
Support Services
Disability Advocacy, Legal Services

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Edmond Hyperbarics
(405) 513-8186
416 W 15th, Suite 100
Edmond, OK
Support Services
Biomedical Intervention, Other, Sensory Integration, Therapy Providers
Ages Supported
Preschool,Kindergarten,1-5 Grade,6-8 Grade,9-10 Grade,11-12 Grade,Adult

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ACI Learning Center
(405) 513-8000
1733 South Fretz Avenue
Edmond, OK
Support Services
ABA, Therapy Services, ABA/Discrete Trial, Behavorial Intervention, Helpful Websites, Social Skills Training, Training/Seminars, Verbal Behavior
Ages Supported
Preschool,Kindergarten,1-5 Grade

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TOTAL POSS-ABILITIES
(405) 607-4440
OKC, OK
Support Services
Occupational Therapy, Sensory Integration
Ages Supported
1-5 Grade,11-12 Grade,6-8 Grade,9-10 Grade,Kindergarten,Preschool

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Andrews, Durbin & McCaffrey
(405) 767-3307
6301 Waterford Blvd., Ste 401
Oklahoma City, OK
Support Services
Disability Advocacy, Legal Services

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University of Central Oklahoma Psychology Department
(405) 974-2000
Edmond, OK
Edmond, OK
Support Services
Medical, Psychological Counseling
Ages Supported
Preschool,Kindergarten,1-5 Grade,6-8 Grade,9-10 Grade,11-12 Grade,Adult

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Parents of Autistic Children
(405) 348-5867
2801 NW 154th Street
Edmond, OK
Support Services
Support Group Meetings, Support Organization

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Biomedical Intervention Group of Okc-Edmond
(405) 488-7609
1801 NW 163rd Circle
Edmond, OK
Support Services
Support Organization

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OK Alliance for the Mentally Ill
(405) 848-4330; (800) 645-5437
200 NW 66th Street
Oklahoma City, OK
Support Services
Adult Support, Disability Advocacy, Marriage & Family Counseling, Support Organization
Ages Supported
Preschool,Kindergarten,1-5 Grade,6-8 Grade,9-10 Grade,11-12 Grade,Adult

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Common Mistakes Parents Make With Their Special Needs Trusts

Common mistakes parents make with their special needs trusts

Heath Burch, CFP

We meet a number of families each year that have already met with a planner in an attempt to design a special needs plan. The plans are put together with the best of intentions in hopes of providing ongoing care for their loved one with special needs. Unfortunately, many of these plans are incorrectly designed and fall short of providing the desired outcome.

The most common errors we see are often related to the drafting of a special needs trust. We'll outline below three of the most common mistakes we encounter when working with reviewing these trusts.

Each week we review a number of special needs trusts given to us by parents simply looking to confirm that what they have works. The family has done exactly what they thought they needed in that they have created a trust in order to provide ongoing care for their loved one with special needs should they no longer able to provide it. The problem is that many of these documents are put into place without the parents truly understanding what they are signing.

We've seen documents that do not successfully preserve access to benefits like social security, often the primary goal of the trust. We have encountered documents that make the state (Medicaid) the named beneficiary of any assets remaining after the child's life in cases when it is not necessary. At times we have even seen documents that ultimately disinherit a child with special needs without the parents even aware of the fact.

If you aren't certain that your legal documents are designed as you intended or worse, you aren't sure exactly what they contain, please get them reviewed by an attorney that specializes in this type of planning. It never hurts to get a second opinion and provide yourself the sense of security of knowing that you have a well-drafted, effective set of legal documents to protect your family.

In the event that you have a well-drafted special needs trust your work may not be done. If the attorney or advisor you worked with hasn't walked you through how to title all of your various assets and you haven't moved most of your assets into the trust when appropriate, or directed them to the trust through a beneficiary designation or transfer on death designation when appropriate, you aren't done.

This is not an easy task, which is exactly why so many families walk into our office without having it done. There are a lot of reasons why the titling work may not have been done. It is possible the advisor didn't want to take on the responsibility. Maybe you weren't sure how to title an asset such as your house in the trust? Or maybe you had every intention of updating your beneficiary designations, but just forgot or ran out of time?

Regardless, you must finish what you started. If the attorney or advisor that helped you with the trust hasn't helped you finish the job, it is your responsibility to find someone who can.

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