With the holiday season upon us, parents and friends often wish to give gifts to children with special needs. But for those who are on government benefits, such gifts could endanger eligibility. This brings to light the larger issue of long term financial planning for a child with special needs. Financial planning for individuals with special needs can be extremely complicated. This is especially true when considering available government benefits, and the risk of losing them if improper planning occurs. Check out this interesting article from the New York Times on the importance of planning. Remember, even something as small as a holiday gift could jeopardize benefits. Wishing everyone a wonderful Happy New Year from Fitzgerald & Sadove PLLC.
top of page
bottom of page