Special needs trusts (SNT) must be properly funded, so that the trustee may distribute assets to beneficiaries who are disabled. Before funding can happen, you must choose the type of trust that best suits the situation for your special needs…
You should carefully plan for the future of a loved one with special needs as it is one of the most important things you can do to protect their lives. This article offers tips you can employ in your planning process…
Protecting a child's need-based government benefits requires careful planning when leaving assets to them. It is also important to protect those assets against later claims after your death and, in some cases, during your lifetime, for additional available public benefits…
It is possible for disabled people to maximize their income potential despite living on a fixed income. Depending on your medical condition, additional costs may be involved. And your expenses are always higher than most, from food to medical care…
The future of special needs children poses unique challenges and opportunities to families. The right medical, educational, recreational, and employment opportunities can result in your child pursuing public and private programs and services for the rest of his or her…
Nearly 70 percent of American retirees will need long-term care in their later years, according to the US Department of Health and Human Services (HHS). The expense of LTC can be astronomical and varies widely by location and by the amount…
Our goal is to live a long and healthy life. Senior citizens are admired for their wisdom and knowledge. However, their long life often comes with the grief of outliving their spouses, friends, and sometimes their children. If they can’t maintain…
An emotional divorce can lead to financial turmoil (especially if children are involved). Rarely is the division of assets an amicable process. While your estate plan may be the furthest thing from your mind during a divorce, without updating your documents,…
It might seem confusing to think about estate planning vs. elder law as you begin to plan your future, both financially and in terms of health care. Estate planning and elder law also have some similarities. Even though these two types…
If you are like many people, your home is your most valuable asset, and you want your children to inherit that value upon your passing. However, you are also concerned about planning for the future, declining health, and the potential…