Subsidizing an innovative educational solution or treatment program for your child can be a complex and challenging process. Financial counseling can play a valuable role in helping the family understand their options and pay for programming in the most effective way.
Through an analysis of a client's existing assets and investments, intergenerational family funds, retirement plans, education plans, home equity, and life insurance policies there are often many more avenues for payment available than at first glance. Furthermore, additional benefits are sometimes available through school system concessions, health insurance claims, and from working with your tax advisor.
Most importantly, financial planning can save families money that they could potentially apply to aftercare, future educational expenses, and avoid disruption in the treatment or educational process.
For starters, did you realize that:
- You may be eligible for a penalty-free distribution from a retirement plan to cover the costs of a special needs program or therapeutic placement?
- You can use your existing investments to generate a low cost loan to pay for educational or therapeutic expenses and avoid tax consequences of a sale?
- Your local school system may cover a portion of the cost of a therapeutic placement?
- You may be eligible for a tax deduction of the expenses incurred at a residential treatment center or therapeutic boarding school?
- Your existing health insurance may for a portion of therapeutic placement expenses?
- Educational Loans are not the only option available to you?
- Without planning, many families experience a payment issue within 12-14 months?
- There is a unique professional with whom we collaborate to help provide you with the best answers to your questions regarding financial considerations related to specialized schooling:
Grant Leibersberger
UBS Financial Services Inc.
click here for Grant's credentials
*We do not receive any commissions or other monetary compensation for referrals to or from Grant; nor do we claim any direct/official partnership with Grant and/or UBS Financial Services Inc. Our motivation for collaboration is to assist our clients in exhausting all possible financial options for supporting our educational planning recommendations. |
