Beneficiaries of a special needs trust can still qualify for federal housing assistance programs like Section 8, but careful planning is required to avoid having benefits reduced or eliminated.
Members of the extended family and friends can also make gifts to a special needs trust once it has been set up.
Special needs trusts (SNTs) can play an important role in helping families plan for children with special needs. Here are some of the most compelling reasons to speak with your attorney about establishing an SNT.
Most parents of children with special needs are well versed when it comes to their child's government benefits. What many parents don't often think about is the effect that their own estate plan can have on their child's benefits.
While creating a financial plan and establishing a specialized trust are central to preparing for your child's future, planners also advise families to write down their intentions and expectations in a special document.
Individuals with special needs who file a federal income tax return, even if they are not required to do so, may qualify for the Earned Income Tax Credit, a special credit that has existed for the last 36 years to
At a recent webinar, members of the Academy of Special Needs Planners (ASNP) discussed the possible impact on people with special needs of legislation crafted by House Republicans to replace Obamacare.