The early withdrawal penalty has been very effective at forcing retirement plan owners to keep money in their retirement accounts, but if a retirement account owner becomes disabled, the IRS will waive the 10 percent early withdrawal penalty.
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.
Rep. Glenn Thompson (R-Pa.) introduced the Special Needs Trust Fairness Act of 2013, a bill that would allow people with disabilities to create first-party special needs trusts to hold their assets without interfering with their access to Supplemental Security Income...
If you own or are thinking of owning a recreational vehicle, you need to consider the vehicle's impact on your government benefits, especially Supplemental Security Income and Medicaid.
A California jury recently returned a $23 million verdict against a contractor who took advantage of a trustee of a special needs trust who suffered from depression and substance abuse. While the contractor's actions were egregious, the case also highlights...
A recent story on National Public Radio’s "All Things Considered" featured Academy of Special Needs Planners member attorney Theresa Varnet. ...
