The Special Needs Trust Fairness Act, federal legislation that would allow people with disabilities to create their own special needs trusts instead of having to rely on others, has cleared a key Senate hurdle.
A common fear among beneficiaries or their families is that the trustee may not do what’s in the beneficiary’s best interests and that, if this happens, the beneficiary may not be able to do anything about it.
When serving as the trustee of a special needs trust, it is crucial to be careful when making distributions for the benefit of the trust beneficiary. This is particularly true if the beneficiary receives Supplemental Security Income (SSI). ...
Many newly “wealthy” clients ask what the value is of staying on Medicaid. Shouldn’t millions of dollars be sufficient to pay for health care? There are a number of reasons why Medicaid is the far better choice. ...
Many attorneys create trusts, and some even create special needs trusts, often using pre-written templates. So why do you really need an attorney whose practice focuses on special needs planning?...
Four nationally known elder law attorneys will present a free webinar on the new legislative and legal landscape followiing the election of President Trump and identify planning and other steps those with special needs and the elderly can take to preserve quality of health...
At a recent webinar, members of the Academy of Special Needs Planners (ASNP) discussed the possible impact on people with special needs of legislation crafted by House Republicans to replace Obamacare. ...
A trustee's level of involvement in the beneficiary's affairs can be confusing for beneficiaries and families, who may be under the impression that the trustee has the decision-making power in all aspects of a beneficiary’s life. ...
A parent serving as trustee can confront many daunting problems involving trust laws and public benefits regulations that affect the administration of a special needs trust. ...
