Financial Planning Information for Young Adults with Autism


Financial Planning Information for Young Adults with Autism

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Living with autism is a full-time job for parents on a daily basis.  Then one day your child turns 18 and it’s a whole different unfamiliar world of additional decisions, extra responsibilities, and added stress that you probably didn’t give much thought to when your child was younger.  Finding a professional Special Needs Financial Planner may be the key solution to help give you direction, knowledge, and peace of mind that you are doing what is best for your child’s future.  Keep in mind that your child’s future is going to be without you one day so you definitely want to avoid making mistakes that you can’t change after you are gone.  It’s important to identity financial resources such as 401ks, inheritances, government benefits, insurance policies etc. Setting financial goals, funding a Special Needs Trust, legal planning, residential planning, estate planning, insurance policies and income tax preparation and filing are all part of the long term financial planning process that is needed for your young adult’s future.  Getting assistance and being prepared is undoubtedly the best way to navigate through this whole process.  The earlier parents can begin this process, the less overwhelming it will seem and the better prepared your young adult will be for his or her future.

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Related Sites

Monarch Center for Autism: Financial Assistance and Tax Credits
Description:  Learn about financial assistance and tax credits for families with autism.

Prosperity Life Planning
Description:  A not-for-profit corporation dedicated to teaching families of disabled children and adults ways to provide for a financially comfortable quality of life, while preserving eligibility for governmental entitlements, such as Medicaid and SSI.

Benefits of a Financial Strategy When Your Family Member Has a Special Need
Description:  Financial planning for a lifetime with this highly recommended organization.

The Autism File: Taxing Matters
Description:  Deductions and tax rules and many other tips on doing your taxes for autism.

Penta Daily: Financial Planning for Autism
Description:  Dad and CEO of a wealth management service company gives his experience and ideas.

Special Needs Financial Planning
Description:  This site offers comprehensive financial planning, trustee services, wealth management, and planning for the unexpected.

When You’re Gone: Practical Planning for Your Child’s Future
Description:  Creating a life care plan for your young adult with autism.

Life Planning for Adults with Autism Spectrum Disorders
Description:  Why you need to develop a life plan for your son or daughter with autism.

Planning Across The Spectrum
Description:  Special Needs Advisors provide advice on benefits, resources, potential obstacles and next steps to help families and individuals with intellectual and/or developmental disabilities achieve their desired level(s) of independence.


Blessed with Autism: A Parent’s Guide to Securing Financial Support for the Treatment of Children with Autism and Special Needs by Christina N. Peck
Description:  Focusing on financial support for treatment of individuals with autism, this handbook is a valuable guide for all special needs families.

Financial Planning for Your Child with Autism: A Personal Journey, Guide, and Workbook by Richard S. Hoel
Description:  An easy to read guide comprised of case studies as well as the author’s own personal stories concerning financial planning for autistic children. At the conclusion of each chapter, a set of questions to answer is provided.

F.A.M.I.L.Y. Autism Guide Financial: Your Financial Blueprint for Autism by Greg Zibricky
Description:  Written by a father of a child with autism that has many years of financial experience, this book discusses many topics such as: special needs trusts, life insurance, creating funds for the affected child, and communication of plans with the entire family.

The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child’s Life by John Nadworny CFP and Cynthia Haddad CFP
Description:  This planning guide was written by financial planning advisors who have special needs family members. It includes information on financial, legal, government, emotional as well as family support factors and strategies. Also included is a CD-ROM.

Special Needs Trusts: Protect Your Child’s Financial Future 6th Edition by Kevin Urbatsch and Michelle Fuller
Description:  Written by two attorneys of law, this well-organized reference book walks the reader through the process of developing a special needs trust.


Tools for Teaching Financial Literary Skills
Description:  There are some tools for teaching your child essential money management skills and habits and also tools for personal finances for parents.

Wrightslaw: Tax Benefits for Taxpayers with Disabilities and Parents of Children with Disabilities
Description:  Seven tax credits and other benefits for disabilities.

Find a Special Needs Planner
Description:  Locate your state and find a Financial Planner.

5 Tax Deductions and Credits for Special Needs Families
Description:  There are many tax deductions and credits available that parents may not be aware of. Parents of children with special needs should familiarize themselves with the deductions and credits and take care to document all expenses related to their children’s medical expenses, development and therapy.

Autism Financial Planning and Money
Description:  This site offers various options for parents to make sure their child with autism is well cared for after they are no longer here. Financial planning offers tools for parents for their child’s future.

Tax Exemptions for Children with Autism
Description:  Because of the supports needed to care for an autistic child, certain tax exemptions exist for their parents and guardians.

Transition to Adulthood — Financial Planning
Description:  An overview of strategies for life care planning, SSI, general financial and trust plans as well as the ABLE Act of 2014.

Financial Planning Tool Kit
Description:  The Sun Trust Foundation and Autism Speaks have created a financial took kit for families as a resource designed to answer many vital questions about financial planning.

Parent Forums/Blogs

Some forums require you to sign in to Yahoo or Facebook to locate forum names.

Forum/Blog Name:  7 Financial Planning Mistakes Special Needs Families Should Avoid
Description:  This blog talks about the seven different areas of mistakes that parents frequently make in financial planning.

Forum/Blog Name:  The Team Approach to Financial Planning for Families with Special-Needs Dependents
Description:  This well referenced Journal provides information on all aspects of financial planning for families with special-needs dependents.

Forum/Blog Name:  Special Needs Financial Planning
Description:  This blog covers a wide range of topics related to financial planning for autism: estate planning, college saving, retirement accounts and special needs trusts, financial factors and much more.

Forum/Blog Name:  Special Needs Seniors ? Planning for the Future of this Vulnerable Population
Description:  This blog discusses the common financial problems and concerns that occur in this aging population. The goal is to provide as many resources for seniors with special needs disabilities so they receive the care they often do not receive. Financial resources are available to this population and this blog outlines many of the federal and state resources and programs available. Also included are resources from private programs and information on special needs trusts, insurances and other financial planning information.