by awarner | Mar 23, 2019 | Government Benefits, Medicaid, Settlement Planning, special needs planning, Special Needs Trust, SSA, SSI, Trust
A special needs trust is designed to provide a person with a disability the funds to enhance her quality of life while at the same time allowing her to remain eligible for needs-based public benefits. Government programs like Medicaid and Supplemental Security Income...
by awarner | Dec 3, 2018 | ABLE Accounts, Medicaid, Medicare, Settlement Planning, special needs planning, Special Needs Trust, SSA, SSI, Trust
When personal injury lawsuits are settled, the underlying settlement figure may be less than initially meets the eye due to the deduction of attorneys’ fees, expenses and other costs. To ensure the resulting settlement best protects the plaintiff’s long-term...
by awarner | Nov 15, 2018 | Estate Planning, special needs planning, Special Needs Trust, Trust
For many parents, the majority of their savings is held in some kind of a retirement account, often an Individual Retirement Account (IRA). At age 70 1/2, an IRA account holder faces the Required Beginning Date, when he or she must take mandatory distributions from...
by awarner | Sep 6, 2018 | Elder Law, Estate Planning, special needs planning
According to court documents, legendary singer Aretha Franklin did not have a will when she died, despite reportedly having a son with special needs. The lack of a will opens up the intensely private singer’s estate to public scrutiny and unnecessary costs, and means...
by awarner | Aug 14, 2018 | special needs planning, SSA, Uncategorized
Trustees of special needs trusts generally have wide discretion in determining whether to distribute funds to trust beneficiaries. But if the person with disabilities receives Supplemental Security Income (SSI), careful precautions should be taken before any trust...
