Honoring Black History Month:
Empowering Families through Financial Planning
& Special Needs Trusts
As we celebrate Black History Month, we reflect on the strength, perseverance, and resilience that have shaped generations of families. This is also a time to honor the legacy of those who paved the way for progress, particularly by advocating for economic empowerment and financial security within our communities.
For families with children or aging adults with disabilities, financial planning plays a crucial role in protecting their futures. At Good Shepherd Fund, we understand the unique challenges families face when ensuring that their loved ones maintain access to essential needs-based government benefits such as Supplemental Security Income (SSI) and Medicaid.
A Legacy of Empowerment
As civil rights leader and educator Mary McLeod Bethune once said, “Invest in the human soul. Who knows, it might be a diamond in the rough.” This sentiment resonates deeply with the work we do in supporting families as they build brighter futures for their loved ones.
Why Financial Planning Matters
The economic challenges faced by Black communities include the ongoing racial wealth gap. According to a report by the Federal Reserve, Black families have just 12 cents of wealth for every dollar held by White families. Furthermore, the National Disability Institute highlights that people with disabilities experience poverty rates nearly twice that of those without disabilities.
Generational wealth and financial security have long been critical conversations in Black communities, but for families who rely on government benefits, passing down an inheritance requires careful planning. Without the proper tools, an inheritance could unintentionally disqualify a loved one from the benefits that support their health and well-being.
This is why many families turn to Special Needs Trusts. A Special Needs Trust allows individuals with disabilities to access an inheritance or other financial assets without losing their eligibility for benefits. Proper Trust administration is key to ensuring that these benefits remain intact while also enhancing your loved one’s quality of life.
How We Support Your Family’s Future
At Good Shepherd Fund, we offer expert Trust administration services designed to protect needs-based benefits. Whether you need assistance managing a Special Needs Trust or are preparing for us to serve as Successor Trustee when you can no longer fill that role, we’re here to provide guidance and peace of mind.
Our mission is rooted in supporting families, safeguarding futures, and providing care that uplifts your loved ones. By partnering with us, you’re ensuring that your family’s legacy remains protected empowering your loved ones with the resources and stability they deserve.
Planning for the Future: A Tribute to Resilience
Throughout Black History Month, let’s honor the legacy of those who fought for financial and social equity by taking proactive steps to secure the future of our loved ones. Together, we can create a foundation that not only safeguards government benefits but also enriches the lives of children, adults, and seniors with disabilities.
Contact us today to learn how we can support your family through personalized Trust services and financial planning. Your story and your legacy matter—and we’re here to help protect both.
The Good Shepherd Fund
Your Loved One’s Well-Being Is Our Priority
A 501(C)(3) National Non-Profit Fiduciary
Dedicated to enhancing the lives of minors, aging adults, and persons with disabilities for over 50 years.
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