Should I Pay My Special Needs Child From My Business?

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In episode 156 of Financially Simple, Justin talks to Jonathan Peyton of Horizon Ridge Wealth Management about creating financial security for a Special Needs child.

Making sure that your children and loved ones are taken care of is a priority, especially in the case of children with special needs. Justin and Jonathan discuss the various ways that you as a business owner can ensure their financial wellbeing.

ARTICLE TRANSCRIPT: https://financiallysimple.com/hiring-your-special-needs-child-unique-employee-benefits/

TIME INDEX:

01:56 - Should I Pay My Special Needs Child From My Business?

06:39 - How Could Paying Your Special Needs Child Help or Harm Them in The Future?

16:12 - Why Does it Matter For The Child?

19:37 - What Are The Potential Pros and Cons of Giving The Child an income?

23:58 - What is The Threshold for Maximised Benefit - 3 Things to Consider

31:05 - In Summary

34:39 - Wrap Up

USEFUL LINKS:

Financially Simple

Financially Simple on YouTube

Financially Simple on Facebook

Financially Simple on Twitter

Horizon Ridge Wealth Management

Jonathan Peyton

Special Needs Financial Planning

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DISCLAIMER:

The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional.

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