The study found that: -- only half of families surveyed receive professional financial advice -- only 38 percent have designated a guardian -- only 17 percent have created a Special Needs Trust, which can be an important funding vehicle -- only 24 percent have identified living arrangements if the parent is no longer living
MassMutual's SpecialCare program is an innovative outreach initiative developed exclusively by MassMutual to provide access to information, specialists, and financial products and services that can help improve the quality of life for people with disabilities and other special needs and their families and caregivers.
"Life care planning is a growing area of financial services need, as awareness and occurrence of disabilities and special needs increases across the country," explained Gruszkos. "MassMutual has more than 200 Special Care Planners across the U.S. who have received advanced training in estate and tax planning concepts, special needs trusts, government programs, and the emotional dynamics of working with special needs families and caregivers," she added.
"There is an urgent need for increased funding and services -- especially for adults with autism. Easter Seals and MassMutual want to help change all of this and make a difference for families living with autism today," concluded Patricia Wright, Ph.D., MPH, Easter Seals' national director, autism services.
Results of the study are available at http://www.massmutual.com/autism. A
variety of resources from MassMutu
Copyright©2008 PR Newswire.
All rights reserved