August 08, 2024

243: Tailored Financial Planning for Children with Disabilities | James Lange, CPA/Attorney, Author, & Parent of Daughter with A Disability

38 minutes

Parents naturally want to make sure their child with disabilities is well taken care of, both now and in the future. It's not just about meeting the day-to-day needs but also thinking ahead to their long-term financial security. There's a lot to juggle—from managing medical expenses to planning for their financial future. It can feel pretty overwhelming and complicated.

In this episode, host Annette Hines welcomes financial planning expert, James Lange, to discuss the crucial need for specialized financial planning for parents of children with disabilities. James emphasizes the importance of working with advisors who understand the unique financial needs of these families and securing government benefits like SSI or SSDI to ensure long-term support. The conversation covers essential legal documents such as wills and trusts, and James offers a free copy of his book, "Retire Secure for Parents of a Child with a Disability," packed with strategies for financial planning. Annette and James delve into the practical and emotional aspects of financial security, reflecting on how proactive planning can provide peace of mind and a brighter future for children with disabilities.

In this episode, you will hear:

The importance of collaborating with specialized financial planners and tax advisors for families with children with disabilities
Key government benefits essential for the financial support of children with disabilities
The necessity of creating appropriate wills, trusts, and powers of attorney tailored for children with disabilities
How proper financial planning can alleviate anxiety for parents raising children with disabilities
Why it is important to involve the child in the financial planning process

Resources from this Episode:

Free digital copy of Retire Secure for Parents of a Child with a Disability

Website: https://DisabledChildPlanning.com

Facebook: @RothRevolution

Twitter/X: @rothguy

LinkedIn:@jameslangecpa

Other Sites:https://PayTaxesLater.com

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Visit: https://annettehines.com

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Twitter: @SpecialNeedsCo

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By Annette Hines

4.8

4747 ratings