When victims win personal injury lawsuits, obtaining the award is only half the battle. Of equal, or greater, importance is constructing the settlement in a way that best protects the individual's long-term interests.
What portion of a lawsuit award or settlement can go to the state to reimburse Medicaid? The new congressional budget deal finally clarifies the situation.
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.
A financial planner explains the considerations that must go into calculating how much will adequately fund a special needs trust, and offers a sample budget.
Families of people with special needs often face unusually high travel expenses. Family members may be able to be reimbursed for these expenses from a special needs trust, depending on the type of trust.
Choosing the right person to serve as trustee of a special needs trust is one of the most important and difficult issues in creating the trust. Here are five considerations to help in the choice of who should serve.
Despite being the beneficiary of a multi-million dollar special needs trust, Mark Holman never saw a cent until a New York judge intervened. The case illustrates the difficulties those creating trusts face when choosing a trustee for a special needs...
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...
Because access to Supplemental Security Income (SSI) depends on a beneficiary's income and resources, even small increases in income can cause a reduction or loss of SSI benefits. Unfortunately, when an SSI beneficiary's parent is ordered to pay child support,...
