Almost everyone has heard of trusts, usually when referring to a beneficiary of one. Some may believe that only wealthy people have trusts, but they are common and useful tools when creating estate plans of all sizes. They are used…
US statistics show a ratio of 1 special education teacher to 17.1 students with learning disabilities. Yet, in the past decade, the percentage of available and competent teachers fell by 17 percent. Many federal and state government educational programs address…
A person must meet the Medicaid program's income and asset requirements in order to qualify for a nursing home, assisted living, or in-home care. As a result of these rules, many candidates give away their money and resources to qualify.…
Grantors (the individuals who create and fund a trust) generally become trustees when they create a special needs trust (SNT) for a loved one with a disability. However, it is crucial to choose a successor trustee who will continue properly…
Dealing with death and receiving an inheritance is an emotional time following the loss of a loved one. The loss of a loved one is sad, but the influx of funds can bring joy or relief. It can be hard…
Although society has adapted to meet the needs of those with disabilities, living with a disability has its own unique challenges and adversities. One challenge major challenge is financial strain. There are significant additional costs associated with disabled living. However,…
Financial security is one of the most important goals of adulthood, and maintaining it is another. This adage is why many people spend substantial time and effort maximizing their legacy goals in their estate plan, ensuring their wishes come to pass.…
When you have a special needs child in your family, you may want to consider purchasing life insurance to address the possibility of outliving your child. Alternatively, parents may use a life insurance policy in a trust as part of their…
The 2021 Wills and Estate Planning Study by Caring.com and YouGov found that the percentage of Americans aged fifty-five and older who have created a will has declined from 60% to 44% since 2019. This decrease is as surprising a statistic…
The distribution of your assets and who should manage them are probably questions you have no matter where you are in the estate planning process. A trust can be a great tool in your estate planning tool kit. A properly…