New Book Provides Life Planning with Financial & Legal Guidance for Special-Needs Families

WEST BLOOMFIELD, Mich., Sept. 12, 2018 /PRNewswire/ -- Planning for one's financial future can sometimes be difficult.  Raising children also has its challenges.  Now imagine how hard it is for parents of special needs children to plan not only for their retirement but for the long-term care of their children.  One Michigan-based entrepreneurial certified financial planner has dedicated the last three decades of her practice to helping families of special needs children. She has just released a book that assists them through the emotional, legal, and financial pitfalls, Beyond a Parent's Love:  Lessons Learned in Life Planning for Special Needs Children (Sept. 4 Mascot Books, www.spsfinancial.com)   

"My life changed in 1989 when, as a financial planner, I met three different families each with an adult child with a disability," says author Minoti Rajput. "Their influence on me was profound.  They forced me to think about each child's life after the parents passed." Minoti's niece was diagnosed with autism as well. 

She understands the importance of a financial advisor understanding what families go through when caring for a child with a disability, especially when it determines the level of planning needed.  There are millions of children affected by developmental disabilities such as the autism spectrum, Down syndrome, Williams syndrome, Angelman syndrome, and other cognitive-impairing disabilities, as well as physical impairment such as blindness, deafness, and cerebral palsy, and mental illness.

Beyond a Parent's Love describes planning strategies for the future of a person with special needs. It also focuses on the family dynamics, parent's acceptance of their child's disability, and concerns about caring for the child after the parents are gone.

Minoti offers insight and advice on:

• How to utilize state and federal programs and resources
• Which type of trust is needed for your specific circumstances.
• What you need to know about guardianship.
• How caretakers should be selected to navigate the long journey of raising a special needs child.
• How to protect your small business and assets while planning your retirement
• Which pitfalls to avoid when planning for your family's future.

"There is a great shortage of experienced wealth advisers at a time when trillions of dollars will be transitioning from one generation to the next, especially when it comes to those serving special needs families, and both education and counseling is needed," she says.

SOURCE Minoti Rajput