back

Strategies for Wealth

UPDATED: May 17, 2021

The special needs of physically, mentally, and emotionally disabled family members present unique planning circumstances, yet the goal for these families is the same…

Create and provide a more certain future for those with special needs, as well as, for the rest of the family.

With this goal in mind, special needs planning can help address these unique planning challenges. For example, parents facing the possibility of providing continued care for the rest of their child’s life now have better options. Or in the case of entire families taking on the responsibility of care, proper estate planning would help gather the financial means to facilitate a quality of living. But what exactly is proper estate planning?

Estate planning may bring to mind families with great wealth, but that is not true. It simply means organizing your estate, whatever its size, to meet the needs of the entire family as efficiently and economically as possible. The three primary sources of support available to a person with special needs are family, charity and government. Proper estate planning goals would seek to maximize each of these sources by:

Organizing the estate to minimize taxes and costs
Maintaining eligibility for government programs
Assuring continued availability of charitable programs
Providing family members the financial ability to handle ongoing needs

  • Languages:
  • English
  • Insurances Accepted:
  • Call for Fee
  • N/A

Address:

120 Broadway 37th Floor
New York, NY 10271
United States

Website:

www.mikeringel.com

Phone:

(212) 701-7937 Phone

Email:

mringel@strategiesforwealth.com

Contact:

Michael Ringel

Our Autism Response Team (ART) is specially trained to connect people with autism, their families, and caretakers to information, tools, and resources.

Get in Touch with ART

Autism Speaks does not provide medical or legal advice or services. Rather, Autism Speaks provides general information about autism as a service to the community. The information provided on our website is not a recommendation, referral or endorsement of any resource, therapeutic method, or service provider and does not replace the advice of medical, legal or educational professionals. Autism Speaks has not validated and is not responsible for any information, events, or services provided by third parties. The views and opinions expressed in blogs on our website do not necessarily reflect the views of Autism Speaks.