A Primer on Financial Planning for Families with Special Needs
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Todd Sensing, CFA, CFP
A LOI is the non-legal document created by you
Consider the skills necessary and do not assume that the closest relative is the best choice
Assuming the same family member should be the executor, trustee, and guardian. You need the right people for the right role. The best solution may be three different people and some more than likely professionals
Failing to plan for assets to go into a special needs trust at the parents death
Source: Insider Trading In The Life Insurance Market: A Smart Buyers Guide Hinners, Chuck 2016