For families with special needs children, creating a Special Needs Trust or an Able Account helps ensure that they can continue to receive necessary public benefits and support, even if their parents are no longer able to care for them. 

 

In this week’s episode of Retire in Texas, Darryl Lyons welcomes David Alvarez onto the show. David is a partner of PAX Financial Group and has a deep understanding of the financial advice world. 

 

Some of today’s topics discussed include: 

 

-Highlighting the importance of special needs planning and the need to make legal and financial preparations for their future.

 

-A breakdown of Special Needs Trusts and what benefits it can offer for a variety of different circumstances.

 

-What Able Accounts are, and why they are a more cost-effective way to save for the future of special needs children compared to setting up a Special Needs Trust.

 

-Emphasizing the importance of communication within the family regarding long-term planning.

 

If you enjoyed today’s episode, make sure to share it with a friend or loved one!

 

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