Parents of a disabled or special needs child realize their financial planning is more complicated than most. How to insure their child's quality of life after they die becomes a burning issue.
BusinessWeek in Disabled -- But Financially Secure reports on strategies to getting costs covered and on choosing the right financial planner as well as sites for getting online financial help.
Merrill Lynch is apparently the only major brokerage firm with a Special Needs Financial Services Group with over $1.5 billion in client assets and 700 trained financial advisors. Chris Sullivan, a deaf analyst who sparked the creation of the separate group, recommends a team approach with a financial advisor, an estate planning attorney and a social service representative or disability advocate so that all three areas can be addressed together.
Posted by Jill Fallon at June 4, 2004 9:20 PM | Permalink