Modern medicine and health care advancements enable children with a wide variety of special needs (disabilities) to live more productive lives than ever before. Many scientists regard the term special needs as a euphemism for disability. Yet, the difference between…
In order to supplement their loved one's needs and quality of life while continuing to qualify for public assistance, many people with loved ones with disabilities create special needs trusts (SNTs) to save money tax-free. In 2014, the ABLE Act…
Enabling the Disabled Families can carefully manage their money to comply with disability-benefit rules while still providing additional perks for disabled people. And, though the rules can be strict, people with disabilities are still permitted autonomy to own some money…
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…
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,…
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…
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…
The estate planning of children with special needs presents a unique challenge. Optimizing your estate to use, enhance, and enrich assets for your special needs child while maintaining their enrollment in public benefits programs requires careful planning. An estate planning…
Americans who are at least five years old and have special needs make up the largest single minority group in this country. The majority of federal and state benefits available to help persons with disabilities are needs-based, meaning income and…