Financial planning is a complex task for all families, but additional challenges can arise when families must meet the financial needs of a family member with disabilities. It is important for families with special needs to plan ahead for potential out- of pocket expenses, not covered through financial assistance. When developing a financial plan, you should consider the level or nature of your family member's disability, and set realistic goals for the continued care and supervision needed through their life.
Special needs families may qualify for certain tax credits and deductions, and can receive financial assistance and assistance with financial planning from a variety of sources.
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