CMP Financial Planning

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Choosing a Corporate Trustee

- Jul 06, 2017

By Barry Jamieson. For many parents choosing someone to look after their child with a disability is the most difficult part of their estate planning process. The chosen person must not only be responsible and committed to your child’s emotional and physical wellbeing but must also have the technical expertise to manage the child’s financial…

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Purchasing a Home For Your Family Member with Special Needs

- Jul 06, 2017

By Barry Jamieson. As their child with a disability reaches adulthood, families give increased thought to their child’s housing needs.   Many families want to promote the maximum independence of their child while others are concerned for their loved one’s living arrangements after their own death.  In either case, home ownership can be a great way…

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Quarterly Market/Economic Overview for the 1st Quarter, 2017

- May 01, 2017

By Barry Jamieson The US and global stock markets continue to reach market highs. The US expansion is now in its eighth year. At the beginning of the first quarter market analysts were fixated on the next policy moves of the Trump administration. In anticipation of a more favorable business climate (e.g. Deregulation, lower taxes)…

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Social Security and Disability Planning

- May 01, 2017

By Barry Jamieson   If you have a special needs child who has a permanent disability, it is likely that social security benefits will be an important component of their special needs plan. Although in most cases Social Security benefit payments will need to be supplemented to pay for your adult child’s living expenses, particularly…

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Should I Establish a Special Needs Trust?

- May 01, 2017

By Barry Jamieson One of the most pressing questions special needs families face with their estate planning is whether to establish a Special Needs Trust (SNT). Because individuals with disabilities are living longer, there is a stronger likelihood that they will survive both of their parents, putting more emphasis on careful estate planning including the…

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Savings Account Strategies for Individuals with Disabilities

- May 01, 2017

By Barry Jamieson The creation of STABLE accounts in Ohio has given people with disabilities and their families a new tool to save for future expenses. In addition to STABLE accounts there are multiple savings tools that can be potentially employed including the use of Roth IRAs, 401Ks, Trusts, and pensions. Which accounts does it…

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Life Insurance and Special Needs Planning

- May 01, 2017

By Barry Jamieson The previous Disability Insights article (see http://conta.cc/2kEb5K8) addressed the importance of developing a comprehensive financial plan. A key component of any comprehensive financial often involves insurance. Insurance protects assets in case of premature death. For the special needs family, insurance can provide funding for a special needs trust set up to provide…

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How Do I Choose a Trustee for my Special Needs Trust?

- May 01, 2017

By Barry Jamieson   So you have decided to establish a Special Needs trust (SNT).  The previous Disability Insights article (see http://conta.cc/2hfq2zJ) mentioned that the naming of a successor trustee of an SNT is a critical appointment, for that person will have full discretion in maintaining and distributing assets on behalf of the disabled individual….

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Quarterly Market/Economic Overview for the Fourth Quarter, 2016

- Feb 16, 2017

The 4th quarter 2016 was full of market changing news and events. Donald Trump was elected. OPEC reached agreement on limiting oil production. The Federal Reserve raised interest rates by ¼ of a percent. Collectively, these events helped propel US stocks higher from their already lofty peak.   The US stock market responded positively to Trump’s…

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