Financial Planning for the Families Having Children with Special Needs

Financial Planning for the Families Having Children with Special Needs

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Author: Jitendra Sonlanki
Publisher: CNBC TV18
No. of pages: 240
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Other Specifications

Language: English
ISBN: 9789384061999
Published on: 2019
Book Format: Hardcover
Subject: Economics, Business

Description

Financial planning for a family with a special needs dependent can be daunting, as there are many additional variables to consider. There are always concerns about where to start and what should be included in the plan.

"Financial Planning For The Families Having Children With Special Needs" aims to provide answers to these questions, and more. It presents a comprehensive approach to creating a detailed plan, towards securing the future of not just the special needs dependent but the entire family as well.

The book begins by describing our countrys attitude and approach to people with special needs. It outlines the challenges faced by their families and recounts changes that could bring about an improvement in their lives.

Step by step, the book hand-holds the reader through the process of creating a financial plan. While explaining how to estimate the special needs dependents lifetime care costs and how the plan could meet them, the book is liberally interspersed with illustrative charts and tables. It offers guidance on effective estate planning, with the help of tools such as a Will, Private Trust, Letter of Intent, Power of Attorney, and others. It also explains why guardianship is important and what happens when the child turns 18.

The author, Jitendra P.S. Solanki, who himself is a financial planner that specializes in advising families with special needs dependents, has equipped readers with tools and templates, which assist families in managing their finances. His website

http: //www.planspecialneeds.com provides an even more comprehensive bouquet of such tools and techniques.

The book concludes with some valuable resources that such families can look to for further information and support, making it a complete guide and financial companion for families with special needs dependents.

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