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Webinar- Planning For Your Loved One with Special Needs: What Every Caregiver Needs to Know
May 4 @ 7:30 pm - 9:00 pm
Our workshop provides an overview of government benefit programs as well as strategies for protecting & maximizing eligibility for certain government benefits. We will evaluate the ABLE Act and how it compares to alternative options for setting aside funding for individuals with disabilities.
The workshop will also address important estate planning considerations such as Wills, Special Needs Trusts, and the differences between Guardianship and Powers of Attorney. Strategies will be presented to address funding of special needs trusts, tax planning considerations, and ensuring quality of life and lifetime care are maintained for loved ones.
Lastly, we will cover the added complexity of planning for retirement with a special needs loved one in the picture. We will discuss this “3 Person Retirement” along with other financial planning considerations to look at differently when you have a loved one with special needs.
Pat Bergmaier, CFP®, ChSNC™ – 1847Financial
Pat has focused his practice since 2009 on financial planning for families who have loved ones with special needs. He strives to help families understand how this type of planning is different and unique compared to traditional Financial Planning that doesn’t address a “3-person retirement plan.” Special Needs Planning addresses key areas of planning for a dependent with a disability starting with maximizing government benefit eligibility. The legal planning consists of partnering with expert attorneys who create the correct estate planning framework to protect those benefits and clients’ wealth. Lastly, implementing investment, insurance and other funding strategies to provide for both lifetime care & quality of life in the most efficient manner possible for 2 generations of lifetime income.
Pat has obtained his CERTIFIED FINANCIAL PLANNER™ (CFP®) certification through the CFP® Board and the designation of a Chartered Special Needs Consultant® (ChSNC®) through the American College of Financial Services. These designations have provided Pat with the knowledge and expertise to address the unique circumstances and requirements of planning for families that have dependents with disabilities. Working with these families has taught him how incredible strength, spirit and commitment to one another can help create the quality of life they envision for their loved one who has a disability. These same qualities are the ones he strives to bring to all his clients from a financial planning standpoint to make sure that quality of life is maximized not only for their loved one but for the entire family as well.
He is involved with supporting many special needs organizations such as Ascend – the Asperger and Autism Alliance of Greater Philadelphia, Autism Cares Foundation, local Down Syndrome Interest Groups & Arc chapters among many others. You will find him regularly presenting for local school districts, Intermediate Units and other special needs organizations. Pat also sits on the Advisory Board of the American College Center for Special Needs and is a board member of Ardent Community Trust.
In his spare time, Pat enjoys Philly sports, working out, golfing and spending time with his family. He resides in Downingtown, PA with his wife Amy, daughters Lily & Ella and their mini-dachshund, Dasher.