A special need for financial advice

September 21, 2017 by Liz Skinner

Advisers don’t have to be experts to help special needs families get a jump on lifelong planning

ELLEN RICE’S FATHER DIED suddenly this year, and she was surprised to discover he’d left her $1.6 million in property and investments. He had envisioned the inheritance would be a great blessing for a daughter who has struggled financially to care for her severely disabled 14-year-old daughter.

Instead, it’s triggered an expensive complication.

The bequest will strip Ms. Rice of Medicaid benefits that now cover approximately $160,000 a year in nighttime nursing care her daughter requires and other special equipment the government health benefits program funds.

Click HERE to read the full story via InvestmentNews; registration required. 

Originally Posted at InvestmentNews on September 16, 2017 by Liz Skinner.