Financial Planning Resources
Families at all income levels need to be aware of financial planning and establishing special needs trusts. Otherwise, if there are assets in your child’s name, he/she may not be eligible for government-funded services and supports when he exits school and special education services. Friends and relatives need to be made aware of this as well. Otherwise, for example, their well-intentioned gifts of money to your child could compromise eligibility for Medicaid and SSI. Met Life provides financial planning information including a Special Needs Calculator for estimating lifelong financial needs for families that include a child with a disability on their site. Go to the MetLife website and click on Individuals, then Planning and then you will see a section on Special Needs Planning.