by Special Needs Law Group | Dec 28, 2021 | Estate Planning, Parenting, Special Needs, Special Needs Planning, Special Needs Trust
If you have a child with disabilities, it is crucial to set money aside for the child’s future. At the same time, you need to consider your child’s access to public benefit programs such as Medicaid and Supplemental Security Income (SSI), as well as the state and... 
by Annette Hines | Dec 2, 2021 | Estate Planning, Special Needs, Special Needs Planning, Special Needs Trust
One of the most important roles in a special needs plan is that of trustee, the person who administers a special needs trust (SNT). Of a trustee’s many responsibilities, record-keeping is perhaps the most crucial. Because the trustee is managing accounts on behalf of... 
by Annette Hines | Oct 26, 2021 | Announcements, Current Affairs, Estate Planning, Special Needs Planning
Unique tax benefits are available to families who have children with special needs. And thanks to recent changes in the tax code, there are opportunities to save substantial amounts of money at tax time. Thomas M. Brinker, Jr., a professor of accounting at Arcadia... 
by Annette Hines | Sep 29, 2021 | Estate Planning, Special Needs, Special Needs Planning, Special Needs Trust
Among the costs of caring for a dependent with special needs are the fees for professional advice. Some families are tempted to save on these costs by doing special needs planning on their own. This can be attractive because so much information is available online,... 
by Annette Hines | Sep 7, 2021 | Announcements, COVID-19, Estate Planning, Social Security, Special Needs
COVID relief payments will no longer affect an individual’s eligibility for Supplemental Security Income (SSI) or the benefit amount, the Social Security Administration (SSA) has announced. The assistance includes a long list of COVID relief payments, ranging from... 
by Annette Hines | Aug 17, 2021 | Estate Planning, Qualified Retirement Plans, Special Needs Planning, Special Needs Trust
The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most beneficiaries to save on taxes by “stretching” distributions over many years. However, an exception to the new rules...