Choosing a Trustee for Your Special Needs Trust
Posted On: September 26th 2022
Choosing the right trustee for any trust is a difficult and extremely important decision. In the case of choosing the right trustee for the trust you have created to protect your loved one with special needs, the decision is even more important—particularly if your loved one is a young child. Let’s take a look at…
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Three Types of Special Needs Trusts: Providing Future Support for Your Loved Ones with Special Needs
Posted On: June 29th 2017
3 SNTs Can Provide Future Support for Your Loved Ones with Special Needs The first few months (or even years) after receiving a diagnosis of a physical and/or mental disability can be overwhelming and filled with many unexpected questions and challenges. Your instincts are to provide whatever immediate needs your loved one requires at that…
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The IRS is easing up on ABLE Act Rules
Posted On: December 11th 2015
The Achieving a Better Life Experience Act of 2014 (ABLE Act) allows a person with a disability and that person’s family to put money into a special tax-advantaged account that would not destroy eligibility in government benefit programs such as Supplemental Security Income (SSI) or Medicaid. The ABLE Act won final congressional approval and was…
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Bill Would Increase Access To Special Needs Trusts
Posted On: September 14th 2015
Legislation approved by the U.S. Senate this week may soon make it easier for people with disabilities to save money. The bill known as the Special Needs Trust Fairness Act would allow individuals with disabilities to establish a special needs trust for themselves. Under current law, such trusts must be created by a parent, grandparent,…
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