A bill recently introduced in the U.S. House of Representatives would finally allow military retirees to name special needs trusts as beneficiaries of Survivor Benefit Plans, a change that could dramatically improve the lives of military children with disabilities.
Because access to Supplemental Security Income (SSI) depends on a beneficiary's income and resources, even small increases in income can cause a reduction or loss of SSI benefits. Unfortunately, when an SSI beneficiary's parent is ordered to pay child support,...
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.
Administrator-managed prepaid debit cards offer beneficiaries of special needs trusts greater independence, but up till now such cards existed in a regulatory gray area.
President Obama's recently-released Fiscal Year 2016 Budget proposes a reallocation of payroll taxes to fix the anticipated shortfall in the Social Security Disability Insurance (SSDI) trust fund, along with increased employment assistance for people with disabilities and additional funding for...
Although Supplemental Security Income (SSI) recipients are subject to rigid asset limits, the federal government has provided a few avenues for beneficiaries to earn extra income. ...
To determine a child's eligibility for Supplemental Security Income (SSI), the government doesn’t look at just the child’s income and assets, but also may consider a portion of the parents’. ...
If your child receives Supplemental Security Income (SSI) benefits and is going to turn 18, you should talk with your special needs planner about some important changes that could significantly impact your child's SSI benefit.
Can a special needs trust pay for the beneficiary's doctor-prescribed special diet?...
