Leaving Money Directly to an Adult Child With Special Needs
A recent New York case highlights the importance of planning in advance for a child with special needs, as well as of choosing the proper advocate for your child.
Read moreA recent New York case highlights the importance of planning in advance for a child with special needs, as well as of choosing the proper advocate for your child.
Read moreMost parents of children with special needs are well-versed when it comes to their child's government benefits. But how does the parent's estate plan affect their child's benefits and how can problems be avoided? ...
Read moreSpecial 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.
Read moreBeneficiaries 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.
Read moreThe trustee of a special needs trust (SNT) has all of the duties of any trustee, but what are the added responsibilities due to the special needs of the beneficiary? How do I choose the right trustee? ...
Read moreParents of children with special needs often want to direct required distributions from IRAs following their deaths into a special needs trust (SNT) for the child. But if the trust is not set up properly, the income tax consequences can...
Read moreWhat expenses can't be paid by a special needs trust?...
Read moreParents of children with special needs must ensure that medical and financial decisions will continue to be made in their child's best interest once they reach age 18 -- the age of legal capacity. You have options.
Read moreThe Internal Revenue Service (IRS) recently ruled that when a person dies, his or her IRA may be transferred to a child's SNT free of estate or gift taxes, and that required minimum distributions from that IRA to the SNT...
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