A LIFETIME OF SUPPORT A lifetime of support

A LIFETIME OF SUPPORT A lifetime of support Planning for a family member who has special needs

A LIFETIME OF SUPPORT Important disclosures The information in this presentation is intended to be a general introduction of Merrill Lynch’s approach to wealth management. It is not intended to be either a specific offer by any Merrill Lynch entity to sell or provide, or a specific invitation to apply for, any particular product or service. Merrill Lynch offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. The Financial Foundation report is an investment advisory service and is completed upon the delivery of the report. You are not obligated to implement any of the recommendations contained in the report or to transact business with Merrill Lynch. If you choose to do so, Merrill Lynch will be acting as a broker-dealer (unless otherwise agreed in writing). Merrill Lynch Wealth Management makes available products and services offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer and Member SIPC, and other subsidiaries of Bank of America Corporation (“Bof. A Corp. ”). Trust and fiduciary services are provided by U. S. Trust, a division of Bank of America, N. A. , Member FDIC. Neither Merrill Lynch nor any of its affiliates or financial advisors provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value © 2018 Bank of America Corporation. All rights reserved.  | ARJDTMG 3 | PRES-03 -17 -0171 |  312514 PM-0718  | 07/2018 2

A LIFETIME OF SUPPORT What questions are you asking yourself? Some of the most pressing might be: • Who’ll take care of and watch over our loved one after we’re no longer able to do so? • Will there be adequate financial resources to maintain a decent quality of life for our loved one? • What will happen when schooling ends or when our loved one turns 18? 3

A LIFETIME OF SUPPORT Prepare for the future Begin by: • Talking with a professional who’s knowledgeable about the issues you face • Involving your entire family • Working together to put a financial strategy in place 4

A LIFETIME OF SUPPORT Work with a team who understands what you’re facing Estate Planning Specialists Social Services Groups Parents/ Guardians Special Needs Trust Attorney Merrill Lynch Financial Advisor Financial Solutions Insurance Specialists Trust Specialists 5

A LIFETIME OF SUPPORT Doing the right thing for your loved one and your family To help ensure that your entire family is taken care of, your plans may include: • Defining your intentions for your loved one after you’re gone • Using your assets efficiently to preserve your loved one’s current quality of life by providing supplemental income while maintaining government benefits • Preserving your estate for your family or charitable organizations 6

A LIFETIME OF SUPPORT Assess your situation Five components of a basic financial strategy: • Lifestyle • Estate planning services • Portfolio management Special needs of loved one • Family protection • Liability management Tools and resources available to you: • Special Needs Planning Workbook: Special Needs Calculator worksheet (pages 11 and 12) • Special Needs Calculator (ml. com/specialneeds) Financial security for your family Financial solutions 7

A LIFETIME OF SUPPORT Being the ‘point person’ can be overwhelming Trustee Attorney Care manager Residential coordinator Insurance agent Parents/ Guardians Trust company Financial advisor 8

A LIFETIME OF SUPPORT Get the help you need through our teamwork approach Estate Planning Specialists Social Services Groups Parents/ Guardians Special Needs Trust Attorney Merrill Lynch Financial Advisor Financial Solutions Insurance Specialists Trust Specialists 9

A LIFETIME OF SUPPORT Focus on your entire family A good strategy can be the foundation of your financial success • Start with a Special Needs Planning Workbook and the Special Needs Calculator. • Include the entire family in the process 10

A LIFETIME OF SUPPORT Preserve your loved one’s quality of life Key points of a Special Needs Trust: • Trust assets are not considered available resources belonging to the loved one with a disability • The trust is not held in the name of the loved one with a disability • The trust is for supplemental needs only and is not for replacing government benefits 11

A LIFETIME OF SUPPORT Select a trustee A trustee of a Special Needs Trust: • Helps ensure that your loved one has the support system for lifetime care after you’re gone • Assists your family in developing a care plan for your loved one with a disability • Can be a family member, a friend or a professional trustee 12

A LIFETIME OF SUPPORT Access our support services To help trustees with their responsibilities, we offer assistance that includes: • Referrals • Special needs trustees • Comprehensive trust administrative and investment services 13

A LIFETIME OF SUPPORT Tap into a range of resources Designated trustees can benefit from these services: • Trust Administrative Advantage® 1 • Agent for Trustee Services through U. S. Trust 2 • Access to the resources of Broadspire Care Management 3 1 The Trust Administrative Advantage service does not include preparation of individual tax returns (Form 1040), estate and gift tax returns (Forms 706 and 709), or tax reporting for trustee compensation (Form 1099 Misc. ). Clients will continue to receive a Form 1099 from Merrill Lynch for their Cash Management Account® for Trust(s) CMAT(s) for their records. 2 Trust and fiduciary services are provided by U. S. Trust, a division of Bank of America, N. A. , Member FDIC. Brokerage and investment advisory services are provided by Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPF&S”). BANA and MLPF&S are wholly owned subsidiaries of Bank of America Corporation. 3 This service is offered by Broadspire Care Management, Atlanta, GA, which is a separate company that is not owned by, or a corporate affiliate of, Merrill Lynch. The contract between Merrill Lynch and Broadspire Care Management provides Merrill Lynch clients an 8% discount on Broadspire Care Management published rates. 14

A LIFETIME OF SUPPORT Receive advice on government benefits A care manager or social service partner: • Makes families aware of all government services available for loved ones with special needs • Helps ensure that families understand key rules and regulations relating to Supplemental Security Income (SSI), Medicaid and Medicare • Provides guidance to individual trustees on care providers and available services • Works closely with legal and financial partners 15

A LIFETIME OF SUPPORT Work with a team who understands what you’re facing Estate Planning Specialists Social Services Groups Parents/ Guardians Special Needs Trust Attorney Merrill Lynch Financial Advisor Financial Solutions Insurance Specialists Trust Specialists 16

A LIFETIME OF SUPPORT Thank you 17