Special Needs Planning Articles
Once you have decided to establish a Living Special Needs Trust, you must also decide whether or not this trust will be revocable or irrevocable. There are benefits and drawbacks of each type of trust, and you must carefully consider your family’s circumstances before making a decision.
With a Revocable Trust, you [...]
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Being the trustee of a Special Needs Trust is a job that comes with great responsibilities. Many family members consider naming a relative as trustee of their child’s Special Needs Trust. However, some families choose to go with a professional special needs trustee, as they have extensive experience in handling all [...]
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All parents of children with disabilities worry about the day when they will no longer be able to care for them. While many parents have figured out ways to make life more comfortable for a child with disabilities while they are around, thinking about a time when they can no longer [...]
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A personal injury settlement can have profound effects on the eligibility of an individual with disabilities to receive benefits from some government programs. Receiving a personal injury settlement does not affect Social Security Disability Income (SSDI) or Medicare. However, other benefits, such as Supplemental Security Income (SSI) and Medicaid, will be terminated once a settlement [...]
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Children with special needs face a variety of challenges when pursuing a post-secondary education. Regardless of disability, all children have certain rights guaranteed to them to help optimize their educational experience.
Some children with special needs may wish to continue their education beyond high school. It is important for these students and their parents to [...]
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The bipartisan Frank Melville Supportive Housing Investment Act, introduced by Senators Robert Menendez (D-NJ) and Mike Johanns (R-NE) at the end of July, would expand affordable housing options under the Department of Housing and Urban Development’s Section 811 program for people with disabilities.
The Section 811 program provides a benefit to individuals with disabilities in the [...]
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A letter of intent is not a legal document, but it is still an important part of planning for the future of a child with special needs. A letter of intent contains important information about the child such as his or her history, likes, dislikes, current health and emotional status and hopes for the future. [...]
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An important consideration for parents of a maturing special needs child is housing. Families will need to do significant research into their options to make sure their child is properly cared for when he or she can no longer live at home. If the child will require a group home or some other form or [...]
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One of the most effective ways to prepare for the future of your child with special needs is to establish a Special Needs Trust tailored to the individual needs of your loved. Special Needs Trusts, also known as Supplemental Needs Trusts, are usually set up as inter vivos trusts for the benefit of one child. [...]
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A supplemental needs trust is an important tool that can be used to make sure a child with special needs has access to the services and care he or she requires. Establishing a supplemental needs trust as a part of an overall financial plan is one step in providing a solid base of lifetime support. [...]
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