Disabilities affect families physically, emotionally and financially. Dealing with these pressures can put added stress on the financial well-being of individuals, their families, and caregivers.
With the incidence on the rise as our population ages, disability should be a concern and a shared responsibility for all. Explore the resources available here to inform discussions about improving the financial well-being of clients living with disabilities, or providing care for those with disabilities.
Top challenges to financial well-being
1. Lack of tax relief:
Educate your clients about government grants and tax credits
2. Lack of financial support:
Develop a financial plan, decision making directives, insurance alternatives for clients
3. Lack of accessible information:
Use resources to educate and shape important discussions with clients
Providing advice and support to a disabled person or caregiver to help them deal with financial pressures resulting from a disability enhances your value as a trusted advisor
Assist your clients in preparing an effective action plan:
Disability is defined as visible or non-visible health or aging issues that interfere with daily activities: