Parenting a Child With Special Needs

What are special needs? 

You may have known since birth (or before) that your child has special needs. Or you may have realized it later, when your child didn't sit up at an appropriate age, or had problems learning to read. Children who have special needs have a wide range of conditions, both mild and severe, including chronic illnesses, emotional issues, developmental delays, disabling physical conditions, and learning disabilities. 

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Dana CaroComment
The Sandwich Generation: Juggling Family Responsibilities

At a time when your career is reaching a peak and you are looking ahead to your own retirement, you may find yourself in the position of having to help your children with college expenses while at the same time looking after the needs of your aging parents. Squeezed in the middle, you've joined the ranks of the "sandwich generation." 

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Dana CaroComment
November is National Family Caregivers Month

By presidential proclamation, November is National Family Caregivers Month. Each day, parents, children, siblings, and spouses selflessly sacrifice their time and energy to care for family members affected by illness, injury, or disability. Caregiving can exact an emotional, physical, and financial toll. It is important for caregivers to know that their labors of love are appreciated, and to recognize that they need care and support as well. 

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Dana CaroComment
Weighing the Pros & Cons of the POA Decision

A power of attorney (POA) is a document that designates an agent or attorney-in-fact to act on a person’s behalf regarding his or her financial affairs. Without a valid financial POA, a person’s loved ones would need to seek court approval for the authority to make any decisions involving the accounts. Although it seems like an obvious solution, there are both pros and cons to the POA decision, and it’s our job, as your trusted financial advisor, to help our clients determine the best solution.

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Dana CaroComment
What You Can Do With a Will

A will is often the cornerstone of an estate plan. Here are five things you can do with a will.

Wills enable you to leave your property at your death to a surviving spouse, a child, other relatives, friends, a trust, a charity, or anyone you choose. There are some limits, however, on how you can distribute property using a will. For instance, your spouse may have certain rights with respect to your property, regardless of the provisions of your will.

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Dana CaroComment
Don't Wait to Ask Aging Parents These Important Questions!

It's human nature to put off complicated or emotionally heavy tasks. Talking with aging parents about their finances, health, and overall well-being might fall in this category. Many adult children would rather avoid this task, as it can create feelings of fear and loss on both sides. But this conversation — what could be the first of many — is too important to put off for long. The best time to start is when your parents are relatively healthy. Otherwise, you may find yourself making critical decisions on their behalf in the midst of a crisis without a roadmap.

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Dana CaroComment
Being a Financial Caregiver for Your Parents

If you are the adult child of aging parents, you may find yourself in the position of someday having to assist them with handling their finances. Whether that time is in the near future or sometime further down the road, there are some steps you can take now to make the process a bit easier.

Mom and Dad, can we talk?

Your first step should be to get a handle on your parents' finances so you fully understand their current financial situation. The best time to do so is when your parents are relatively healthy and active. Otherwise, you may find yourself making critical decisions on their behalf in the midst of a crisis.

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Dana CaroComment