Fishkind quoted in article on financial planning for special needs children
Russell Fishkind, a partner in Saul Ewing’s Private Client and Business Services Practice, is quoted in this article on the importance of planning for lifetime care for special needs children. The article mentions several financial options that families have, including Supplemental Security Income (SSI) and Medicaid, the ABLE account, a tax-advantaged savings account, and a special needs trust. Russell notes that while all are viable options, caregivers should not overlook the importance of creating a life care plan which addresses financial needs, beneficiary designations, and a team of resources.
"Many individual trustees are concerned about assuming responsibilities for a loved one," said Russell in the article. "If you show them the resources are there and give them directions to dispense their fiduciary duty, it's not as daunting."
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