The HF Blog

How Life Insurance Can Be Used to Fund a Special Needs Trust

By Caleb Harty CFP®, Academy of Special Needs Planners®

Once the all-important question of “How much money should I plan to leave my child?” has been answered, the next step in special needs financial planning is to determine what assets will be used and when they will be passed on.

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Special Needs Planning

By Caleb Harty CFP®, Exceptional Parent Magazine®

What does “special needs planning” really mean? I often speak with people that believe that they’ve completed their special needs planning simply because they established a Special Needs Trust (SNT). Of course, SNT’s are an extremely important component of planning for a loved one with special needs.

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A Holistic Guide for Families who Have a Loved One with Special Needs

By Caleb Harty CFP®, Exceptional Parent Magazine®

Many important benefits are outlined below, but not all. Also, effort has been made to point out important aspects of the programs, but outlining every detailed exception, rule, etc., is beyond the scope of this informational guide. For context, most of these programs are “means-tested,” which means they are usually not available until the child turns 18 because up until that point the parents’ assets and income are taken into account, which is often too high to qualify.

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How Having A Child With Special Needs Impacts Your Retirement Planning

Forbes®, by Caleb Harty CFP®

Having a child with special needs can come with all sorts of unique challenges from a financial and estate planning standpoint. Public benefits, for example, can play a huge role in anticipating how much money your child will need down the road in your later years as well as when you've passed away.

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Three Mistakes Business Owners That Have A Child With Special Needs Make

Forbes®, by Caleb Harty CFP®

Planning a long-term future for a child with special needs can be one of the biggest challenges business owners and their families face. There is often a lot of uncertainty and the whole process can seem quite overwhelming. Having helped countless self-employed professionals through this planning process, here are a few common mistakes I've observed.

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How To Buy A Vacation Home You Can Use As A Business

Forbes®, by Caleb Harty CFP®

Having recently gone through the process of buying a vacation property to rent out, I realized how helpful it would have been to have a step-by-step guide.

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How much should go into your special needs trust

Kiplinger®, by Caleb Harty CFP®

Anyone with a child with special needs understands the need to prepare for the future. A trust is always a good place to start, and figuring out a savings goal for that trust is a key part to your planning.

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If You Hate RMDs, You Might Love QLACs

Kiplinger®, by Caleb Harty CFP®

A newer feature on certain deferred income annuities can help you with RMDs ... and you've probably never heard of it.

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