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Special Needs Planning

What Assets Are Counted When Applying for SSI?

Posted on: October 22nd, 2018
To be eligible for SSI an applicant can have no more than $2000 in assets, but there are 6 major exclusions that won't count towards that limit......

How to Earn Additional Income Without Losing SSI Income

Posted on: June 15th, 2018
Although Supplemental Security Income (SSI) recipients are subject to rigid asset limits, the federal government has provided a few avenues for beneficiaries to earn income that supplements their SSI benefit....

The Top Five Responsibilities of a Trustee of a Special Needs Trust

Posted on: March 14th, 2018
These five responsibilities likely rank at the top of any trustee's list. How prepared is your trustee for these tasks?...

Are Parents the Best Trustee for a Special Needs Trust?

Posted on: January 30th, 2018
It is common for parents to want to serve as the trustee of their child's special needs trust, however every parent should understand the benefits and drawbacks of doing so....

How to Choose a Special Needs Trustee: 5 Considerations

Posted on: December 12th, 2017
What are the responsibilities of a special needs trust trustee? And what to keep in mind when choosing one....

What Expenses Can ABLE Accounts Pay For?

Posted on: November 16th, 2017
ABLE accounts may be used for more than many beneficiaries realize -- including housing expenses, bus fare, and financial management services....

5 Ways to Make Purchases for SNT Beneficiaries

Posted on: November 7th, 2017
When serving as the trustee of a special needs trust, it is crucial to be careful when making distributions or purchases for the benefit of the trust beneficiary. ...

Making Sure Your Loved One Gets the Care They Need Without Interruption

Posted on: October 3rd, 2017
Effective special needs planning should not only address current daily routines and needs of your loved one, but also their future needs. This is best done through financial and/or estate planning....

Do Not Confuse a Trustee With a Care Manager

Posted on: June 5th, 2017
Often special needs trustees are involved in many aspects of a beneficiary's life. This level of involvement can be confusing for beneficiaries and their families who may be under the impression that trustees can make decisions regarding ALL aspects of life....

How to Create a Memorandum of Intent

Posted on: June 30th, 2016
Creating a Memorandum of Intent for a child with special needs is vitally important to preserving their way of life if you should pass away. Important preferences about their life, abilities, living situation, work situation, etc. can be conveyed in the letter to help future guardians or trustees make this difficult transition a little easier....

Guide to Special Needs Planning

Posted on: May 4th, 2016
The basics of planning for a loved one with special needs - what you need to know, what tools are available to help....

An Update on ABLE Accounts

Posted on: April 6th, 2016
On December 19, 2014, the Achieving a Better Life Experience Act (ABLE Act of 2014) was signed into law. This allows those with disabilities to create tax-free savings accounts....

The Most Important Planning Tool for Special Needs Families

Posted on: February 16th, 2016
Special Needs Trusts are the foundation of an effective special needs plan. There are three types of Special Needs Trusts that can be used by families to care for their loved ones with special needs....

5 Planning Tips for Special Needs Families

Posted on: February 2nd, 2016
Special needs families face unique planning challenges with serious consequences for inadequate planning. Here are 5 special needs planning tips that every family should know about....