These tax-free savings accounts, which allow many people with disabilities or their families to save while remaining on government assistance, can make a big difference to families with special needs children.
Although homeownership can be empowering for someone with disabilities, purchasing the home through a special needs trust may be in the beneficiary’s best interests.
Trusts where the funds of many people with special needs are “pooled” may be a better option for some people than the conventional special needs trust, depending on the circumstances.
Social Security payments are set to grow next year, although for some recipients the extra income will be slightly offset by an increase in Medicare premiums and deductibles.
Among the many questions surrounding ABLE plans is who can open accounts? Only the person with a disability? Parents? Other relatives? Friends? ...
Section 529 College Savings Plans can be an excellent investment tool when saving money for a child’s educational expenses. But if the child receives Supplemental Security Income benefits, families should be cautious.
A new audit finds that the government likely overpaid hundreds of millions of dollars to certain SSI beneficiaries. As many as 77,000 beneficiaries may be forced to pay back some or all of their overpayments.
Trustees of special needs trusts generally have wide discretion in determining whether to distribute funds to trust beneficiaries. But if the person with disabilities receives SSI, care should be taken when using trust funds to pay for housing.
President Trump has issued an executive order that could compromise the independence of federal agency judges, most of whom work at the Social Security Administration (SSA). ...
