Legislative Update: Special Needs Trust Fairness Act On December 7, 2016, by an overwhelmingly affirmative vote of 94 to 5, the Senate approved H.R. 34 a.k.a. the 21st Century Cares Act, a $6.3 billion package of health-related initiatives. The Act was signed by President Obama on December 13, 2016. This new law includes the Special…
By Tresi Weeks What is an ABLE Account & Why Was It Created? Individuals with disabilities face a dilemma when they try to save money. If a single person has more than $2,000, they could lose their valuable Supplemental Security Income (SSI) or Medicaid services, which for some folks means losing housing and medical care. …
Get ready to take notes! The City of Plano Parks and Recreation Department is providing three great opportunities to hear Tresi speak this summer. Learn more about planning for your family’s future with these courses: GUARDIANSHIPS & ALTERNATIVES, SPECIAL NEEDS TRUST & NEW ABLE ACT, and FAMILY LEGAL DOCUMENTS Thursday, June 9th from 6:30PM to…
Our attorneys in Dallas are here to explain the new ABLE act and how this is relevant to people who either have or are considering a special needs trust. Late in 2014, the ABLE (“Achieving a Better Life Experience”) Act was signed into law. The law is aimed at achieving a manner in which those…
Individuals with disabilities face a dilemma when they try to save money. If a single individual has more than $2,000, they could lose their valuable Supplemental Security Income (SSI) and Medicaid services, which for some folks means losing housing and medical care. Imagine being able to create a 529-type account, where the interest is not taxed,…
