Qualified Disability Trusts Can Offer Tax Savings
Some special needs trusts may be eligible for considerable tax savings. Here's how.
Some special needs trusts may be eligible for considerable tax savings. Here's how.
Credit cards offer a way for the trustee of a special needs trust to avoid giving a beneficiary cash while at the same time not serving as the beneficiary's designated shopper.
When a child with special needs is setting aside money for college, a 529 Plan may not be the best option. Here are some things to think about when family members ask about the best way to provide funds for...
Here are some of the questions you will need to consider in guiding your attorney to create a special needs trust.
Retirement accounts like 401(k)s and IRAs make up the majority of most people's savings. While these plans encourage saving by offering significant tax rewards, they were certainly not set up to help families with special needs.
Under the new tax law, people whose student loan debt is discharged due to disability will no longer be taxed on the discharged income, potentially saving them tens of thousands of dollars.
ABLE accounts are a relatively new planning tool available to individuals with disabilities. Here are details on the ABLE account programs of three states that allow out-of-state residents to open accounts. ...
Through its “Build Your Future” online tool, The Arc helps adults with intellectual or developmental disabilities and their families plan ahead so they can live as independently as possible throughout their lives. ...
ABLE accounts, the new tax-free savings accounts for people with disabilities, can be used in many creative ways to make a big difference to families with special needs children.
