Special Needs Financial Planners Raleigh NC

Read on to learn information on special needs financial planners in Raleigh, NC 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.

The Frankie Lemmon School
(919) 821-7436
1800 Glenwood Ave.
Raleigh, NC
Support Services
Education
Ages Supported
Kindergarten

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Mental Health Association in North Carolina, Inc.
(919) 981-0740
3820 Bland Road
Raleigh, NC
Support Services
Disability Advocacy

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NC Council on Developmental Disabilities
(919) 420-7901
3801 Lake Boone Trail, Suite 250
Raleigh, NC
Support Services
Disability Advocacy

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NAMI - North Carolina
(919) 788-0801 or (800) 451-9682 (in NC)
309 W. Millbrook Road, Suite 121
Raleigh, NC
Support Services
Disability Advocacy, Support Organization

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Meredith Autism Program
(919) 760-8080
Meredith College Dept. of Psyc., 3800 Hillsborough Street
Raleigh, NC
Support Services
Behavorial Intervention, Research

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Autism Society of North Carolina
(919) 743-0204
505 Oberlin Road, Suite 230
Raleigh, NC
Support Services
Job Coach, State Resources, State Resources, Education, State Resources, Parent Training, Support / Tutoring, Support Group Meetings

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Michele Leykum
(919) 610-7679
7846 Spungold Street
Raleigh, NC
Support Services
ABA/Discrete Trial, Other

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The Arc of North Carolina
(919) 782-4632
343 E. Six Forks Rd.
Raleigh, NC
Support Services
Disability Advocacy, Support Organization

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Barbara Jackson
(919) 420-7826
P.O. Box 17105
Raleigh, NC
Support Services
Legal Services

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Technology-Related Assistance (North Carolina)
(919) 850-2787
North Carolina Assistive Technology Program, Department of Health and Human
Raleigh, NC
Support Services
Government/State Agency, Other
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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