Special Needs Planning

Special Needs Planning

7 Part Webinar Series

This part of the webinar series discuss different aspects of special needs planning.  The overall series is divided into 7 topics as listed below. Each topic covers the specific aspects in detail. The webinar is conducted by an expert and is one hour each.

Retirement Planning

Jitendra P.S.SolankiNow available on Video

(Recorded on April 30 2018)

Jitendra P.S.Solanki

 

Retirement planning for special needs families is for two generations- One for the parents and the other for the special needs child. It’s not a simple straight planning for retirement.  Various situations may arise before retirement. These depend on the type of disability, and include questions like availability of sibling support, whether there are adequate resources or are the facilities in the city adequate to consider special needs child support for years etc. How you will cope with these situations will decide how well you are prepared for retirement years. The webinar covers the process of identifying your financial requirement in retirement years and how to plan for achieving it.

How To Identify lifetime care cost of the child?

Jitendra P.S.SolankiNow available on Video

(Recorded on  May 3,2018)

Jitendra P.S.Solanki

 

The bigger challenge for any special needs child family is estimating the cost with accuracy. This is not so easy considering the lack of awareness about the child disability due to which it’s difficult for parents to know future cost of child care. In such situations, only a reasonable estimation can be done in the initial life stages of the child. A more near accurate estimation is possible when the child becomes an adult and the expenses move towards a static figure.

Private Trust-I

Jitendra P.S.SolankiNow available on Video

(Recorded on May 7, 2018)

Jitendra P.S.Solanki

 

A trust is an effective tool of estate planning for families with special needs children. By creating a Trust, parents can decide who controls the assets and who benefits not only during their lifetime, but  even after their death.  There are different types of trust structures to be created in different situations for specific benefits, besides tax advantages too.

Private Trust-II

Jitendra P.S.SolankiNow available on Video

(Recorded on May 11,2018)

Jitendra P.S.Solanki

 

A trust is an effective tool of estate planning for families with special needs children. By creating a Trust, parents can decide who controls the assets and who benefits not only during their lifetime, but  even after their death.  There are different types of trust structures to be created in different situations for specific benefits, besides tax advantages too.

Letter of Intent

Jitendra P.S.SolankiNow available on Video

(Recorded on May 15, 2018)

Jitendra P.S.Solanki

 

Most parents of special needs children in India are unable to plan for their child due to lack of information and resources. But by writing a Letter Of Intent they can lay the foundation for a comprehensive planning of the child’s future. The objective of this document is to ensure that whosoever takes care of the child after the parents can minutely understand the child’s needs.

Investment Planning

Jitendra P.S.SolankiNow available on Video

(Recorded on May 18, 2018)

Jitendra P.S.Solanki

 

Investment planning for families with special needs children is not easy. Deciding on a specific asset class is difficult as the care of a special needs child is life-long. Many families tend to be risk averse and do not consider volatile investment options, like equities.  Others may go heavily into   real estate for a regular income from rentals.

Guardianship

Jitendra P.S.SolankiNow available on Video

(Recorded on May 21, 2018)

Jitendra P.S.Solanki

 

A guardian is an important person who takes on the responsibility of care of a special needs child for life as well as manages the child’s personal and financial affairs. Ideally a guardian needs to be a person who cares about the child and like parents, can give him the best quality of life.

How To Access These Videos?

For all our webinars we charge a small fee to cover the logistics cost. Check below how you can access videos of our webinars:

Webinar Videos

If you have any query/suggestion write to us at jitendra@planspecialneeds.com