Financial Planning

Trustees of special needs trusts generally have wide discretion in determining whether to distribute funds to trust beneficiaries. But if the person with disabilities receives SSI, care should be taken when using trust funds to pay for housing.

State ABLE savings programs aren't attracting enough account holders to keep afloat financially, according to early projections.  Changes are needed, say disability advocates.  ...

Certain low- and middle-income workers will now be eligible for a tax credit when they contribute to ABLE accounts for people with special needs. ...

Recently passed legislation offers new tools to better protect Social Security disability beneficiaries from representative payees who abuse their position.

Understanding what benefits might be available to your child or loved one with special needs can be confusing. Childhood disabled beneficiary benefits (CDBs) are a case in point.

Visitors to SpecialNeedsAnswers can now use a directory of state ABLE account programs. ...

A surprising number of people  including many people with disabilities -- do not take advantage of the Earned Income Tax Credit. The IRS is encouraging potential recipients to apply.

While most workers’ compensation benefits are fully tax exempt at the federal, state and local level, this is not always the case where the beneficiary is also receiving Social Security Disability Insurance (SSDI) benefits. ...

Most special needs trusts give their trustee wide authority to respond to unforeseen circumstances. But for those concerned about placing some checks and balances on the trustee’s authority, one possible option is a care committee.