What Expenses Can't a Special Needs Trust Pay For?
In many cases, the trustee of a special needs trust should hire a professional investment adviser. Here are some guidelines for hiring one.
The New Hampshire Supreme Court has put off the question of whether a special needs trust beneficiary is eligible for Medicaid until the state can locate its apparently lost Medicaid plan from 1972.
Parents of children with special needs must be concerned with ensuring that medical and financial decisions will continue to be made in the child's best interest once the child reaches age 18 -- the age of legal capacity.
The 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...
You want to ensure that your child with special needs will remain financially secure even when you are no longer there to provide support, but determining how much a special needs trust (SNT) should hold is no small feat. ...
