Special Needs Answers
Can a first-party special needs trust (funded through a settlement on personal injury) be taxed as a grantor trust if grantors are parents? If treated as a grantor trust, will income taxed to the disabled party jeopardize public benefits?...
Read moreWhat documents are needed to set up a Medicare Set-Aside?...
Read moreCan the parent of a person with special needs, who is also that person's guardian, serve as the trustee of a special needs trust that will hold a settlement?...
Read moreIf you set up a special needs trust to hold a loved one’s personal injury settlement or to protect government benefits and they no longer need it, you can terminate it based on a change in circumstances.
Read moreIf my Medicare Set-Aside runs out of money, who pays for my continuing medical expenses that are related to my accident?...
Read moreIs there any way to use the funds in your Medicare Set-Aside (MSA) trust even if you don't need further treatment for your injury?...
Read moreI needed to have surgery while I was negotiating the establishment of a Medicare Set-Aside to hold funds from a workers' compensation claim. Now both workers' comp and Medicare are refusing to pay for the bill. Who pays?...
Read moreWhat is a first-party special needs trust, and when is it useful?...
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My child with special needs will receive income paid from a special needs trust. Will it reduce their SSI benefits? They need this money for daily expenses and I don't want to create a bigger problem.
Read moreAsk us a question and we'll respond if possible. We receive a large number of questions and are unable to answer every one. But if you don't hear back, many questions are best answered by a local special needs planner. To find a qualified special needs planner near you, click here.
