SSI and SSDI

In a recent report the Social Security Administration's Inspector General concludes that banks are illegally garnishing accounts that receive electronic deposits of Social Security benefits.

While there is no such thing as a "typical" divorce, a divorcing couple that has a child with special needs faces even more complicated issues than most, such as the impact of child support payments on the child's eligibility for SSI.

When retirement looms, many military families with children with special needs face a decision about whether or not to choose the Survivor Benefit Plan (SBP) retirement option. Receipt of SBP payments could jeopardize the child's eligibility for SSI and Medicaid.

Here are some important points to consider before finalizing your child's settlement to ensure the child's well-being over a lifetime.

Individuals with special needs who file a federal income tax return, even if they are not required to do so, may qualify for the Earned Income Tax Credit, a special credit that has existed for the last 36 years to...

While creating a financial plan and establishing a specialized trust are central to preparing for your child's future, planners also advise families to write down their intentions and expectations in a special document.

The special economic stimulus payments authorized by Congress in February will not affect the benefits of persons receiving Supplemental Security Income (SSI) or other federal benefits.

Income paid from a special needs trust to a beneficiary will reduce SSI benefits by one dollar for every dollar paid to him or her directly. In addition, payments by the trust to the beneficiary for food or housing are...

Beneficiaries of a special needs trust can still qualify for federal housing assistance programs like Section 8, but careful planning is required to avoid having benefits reduced or eliminated.