Senators Robert Menendez (D-NJ) and Mike Johanns (R-NE) recently introduced legislation that would greatly expand affordable housing options under the Department of Housing and Urban Development's Section 811 program for people with disabilities.
As with most things that sound too good to be true, so-called "Sole Benefit Trusts" can come with a big catch for the person with special needs.
A case illustrates the elaborate lengths some disability applicants must go through in order to obtain benefits that are rightfully theirs, and it also is a reminder of a dilemma many beneficiaries face once they receive their awards.
When a person with special needs cannot make important financial decisions, the government sends his benefits directly to a third party, known as a representative payee. Here are a few key things to remember about being a representative payee.
For many families, Section 529 College Savings Plans are an excellent investment tool when saving money for their child’s educational expenses. But if the child obtains Supplemental Security Income benefits, families should be cautious in using a Section 529 plan.
