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.
If you are taking on the responsibility of serving as the trustee of a special needs trust you will need a "go-to" reference guide that you can refer to. For most trustees, the 2012 version of Managing a Special...
A bill that would allow retired military service members to name special needs trusts as beneficiaries of their Survivor Benefit Plans has been reintroduced in Congress.
In a recent New York case, an institutional trustee has been ordered to pay back a special needs trust almost $180,000 for its failure to make certain that the beneficiary qualified for available public benefits.
