Invite Others to Contribute to the Trust
Members of the extended family and friends can also make gifts to a special needs trust once it has been set up.
Members of the extended family and friends can also make gifts to a special needs trust once it has been set up.
If you have funds in an IRA that will be distributed to a special needs trust upon your death, it is usually best to stretch these distributions out over as long a period as possible for income tax purposes.
According to court documents, legendary singer Aretha Franklin did not have a will when she died, meaning there are no specific protections for a son with special needs.
Administrator-managed prepaid debit cards offer beneficiaries of special needs trusts greater independence, but up till now such cards existed in a regulatory gray area.
Guardianship hearings are typically little more than a formality for parents of children with special needs who cannot live independently once they reach age 18. But this was not the case for Texas parents Christy and Mark Zartler.
A Virginia court has ruled in favor of a 29-year-old woman with Down syndrome and refused to grant her mother's guardianship petition. The court chose to name the woman's friends and employers as her guardians instead, as she had requested...
A bill recently introduced in the U.S. House of Representatives would finally allow military retirees to name special needs trusts as beneficiaries of Survivor Benefit Plans, a change that could dramatically improve the lives of military children with disabilities.
Help is available for families of children with special needs whose private health insurance will no longer cover children once they reach a certain age. The new federal health insurance law requires many private insurers to allow children to remain...
A California mother recently went to great lengths to obtain an inheritance from her deceased son's special needs trust, but a court decided that her attempt went too far and awarded half of the trust to the woman's ex-husband, even...
