Special Needs Financial Planners Sioux Falls SD

Read on to learn information on special needs financial planners in Sioux Falls, SD 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.

Center for Disabilities
(605) 333-7178
University of South Dakota, School of Medicine, Dept. of Pediatrics, 1100 S
Sioux Falls, SD
Support Services
Training/Seminars

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Childrens Care Hospital & School
(605) 782-2379 or 1-800-584-9294.
2501 W. 26th Street
Sioux Falls, SD
Support Services
ABA/Discrete Trial, Adult Support, Art Therapy, Behavorial Intervention, Compounding Pharmacies, Early Intervention, Education, Marriage & Family Counseling, Music Therapy, Occupational Therapy, Physical Therapy, Play Therapy, Private School (Multi-disability), Psychological Counseling, Research, Research, Sensory Integration, Social Skills Training, Speech Therapy, Support Group Meetings, Support Organization, Therapy Providers
Ages Supported
Preschool,Kindergarten,1-5 Grade,6-8 Grade,9-10 Grade,11-12 Grade,Adult

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Center for Disabilities AUCD
(605) 357-1439
The University of South Dakota Dept. of Pediatrics
Sioux Falls, SD
Support Services
Early Intervention, Government/State Agency, Medical, Therapy Providers, Training/Seminars

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Music Therapy Services of South Dakota
(605) 371-1529
3304 S. Florence Ave.
Sioux Falls, SD
Support Services
Academic Assessments, Behavorial Intervention, Camps, Early Intervention, Music Therapy, Schools, Ages 5 years and Up, Social Skills Training, Summer Camp/ESY, Support / Tutoring, Training/Seminars, Verbal Behavior
Ages Supported
Preschool,Kindergarten,1-5 Grade,6-8 Grade,9-10 Grade,11-12 Grade,Adult

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Center for Disabilities at USD School of Medicine
(800) 658-3080
1400 West 22nd Street
Sioux Falls, SD
Support Services
Support Organization, Training/Seminars

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Prairie Freedom Center for Independent Living VSA Arts
(605) 367-5630
301 South Garfield Avenue, #9
Sioux Falls, SD
Support Services
Disability Advocacy, Other, Residential Facility

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Special Olympics South Dakota
(605) 331-4117 or 1-800-585-2114
305 West 39th Street
Sioux Falls, SD
Support Services
Other, Support Organization

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Time 2 Shine Therapy
(605) 351-7976
1721 W. 51st St.
Sioux Falls, SD
Support Services
ABA, Therapy Services, ABA/Discrete Trial, Assistive Technology, Early Intervention, Occupational Therapy, Sensory Integration, Social Skills Training, Speech Therapy, Verbal Behavior
Ages Supported
Preschool

Data Provided By:
University of South Dakota (UAP) Dept. of Pediatrics
(605) 357-1439
The University of South Dakota School of Medicine & Health Sciences, Depart
Sioux Falls, SD
Support Services
Disability Advocacy, Medical, Research

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South Dakota Speech-Language-Hearing Association
(605) 331-2927
P.O. Box 308
Sioux Falls, SD
Support Services
Disability Advocacy, Early Intervention, Speech Therapy, Support Organization

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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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