Aug. 4, 2021

AMR and Gretchen Arvanitopoulos, VP at CORD (Cape Organization for rights of the Disabled)

AMR and Gretchen Arvanitopoulos, VP at CORD (Cape Organization for rights of the Disabled)

Chris and Cathi talk about the Covid-19 Delta variant trends. Gretchen Arvanitopoulos, VP at CORD (Cape Organization for rights of the Disabled), Mike Perna and Jeff Tomaneng of AMR join Chris to talk about financial planning for people with...

Chris and Cathi talk about the Covid-19 Delta variant trends.

Gretchen Arvanitopoulos, VP at CORD (Cape Organization for rights of the Disabled), Mike Perna and Jeff Tomaneng of AMR join Chris to talk about financial planning for people with disabilities. CORD helps connect people with disabilities to available resources. They discuss the following and more:

  • It is important to utilize a financial planner and lawyer who have experience in this field and can help navigate the process.
  • Reach out early to understand the benefits that are available to younger children.
  • Plan for guardianship well before the disabled child turns 18 years of age.
  • Think about a plan to care for the disabled child when you cannot; consider a special needs trust.
  • Realize that care needs may change in the future and a personal care attendant may be in order so consider cashflow and investment needs.
  • Use a reputable/monitored rep payee if needed to manage bill payment and money needs.
  • Life insurance may be of benefit in covering costs once parental caregiver is deceased.