A qualified personal residence trust (QPRT) is an irrevocable trust used to achieve estate and gift tax savings. The basic idea behind a QPRT is to transfer the equity in a…
An executor is a person or entity you choose to carry out your last wishes outlined in your will. Your executor should be someone you trust is responsible enough to…
A ward of the state is a person under the government’s protection. Children and adults with cognitive disabilities can become wards of the state when they lack a competent parent…
Many parents and families planning for the care of their loved one with special needs will consider setting up a special needs trust. (Special needs trusts are also often referred to…
In January 2023, the U.S. Department of Housing and Urban Development (HUD) announced it would award nearly $25 million to help fund housing for people with disabilties. Roughly 100 public…
Funds held in a properly drafted special needs trust (SNT) will not affect a Supplemental Security Income (SSI) or Medicaid recipient’s benefits. However, funds disbursed in a manner that violates…
An important part of special needs planning is protecting your loved one from financial abuse. A True Link card is a tool you may not have considered before, but it…
Despite support from both sides of the aisle and appeals from disability advocates across the country, proposed legislation intended to offer greater financial support to millions of older adults and…
Supplemental Security Income (SSI) beneficiaries must comply with very stringent income and asset rules to receive benefits. One such rule is the resource allowance limit: A single SSI beneficiary may have only…
The Senate and House have cleared the passage of a year-end $1.7 trillion appropriations bill that will affect people with disabilities on several fronts. The bill, which runs more than…
