The short answer is YES! One of the ways that you can protect a loved one’s assets and establish Medicaid eligibility is through a properly drafted trust. This type of trust can minimize the deterioration of an estate by safeguarding assets for loved ones and establish Medicaid eligibility. Certain trusts allow individuals with income over […]
With unanimous approval by The Senate, the Special Needs Trust Fairness Act is on its way to helping those individuals with disabilities who are able to help themselves. What is a special needs trust? Medicaid is a program that can help pay for health care costs, housing and support services. Many individuals need Medicaid to help pay […]
Families with special needs children often are often concerned about how they can pass assets to their children without interrupting important public benefits, such as Medicaid. Supplemental needs trust, sometimes called special needs trust, can assist in protecting these very important benefits. There are three main kinds: 1) third party supplemental needed trust 2) self-settled […]
The National Disability Institute estimates that there are 58 million individuals with disabilities in the United States. On December 19, 2014, those lives were forever changed when President Obama signed the Achieving a Better Life Experience (ABLE) Act into law – eight years after it was first introduced in 2006. In simplest terms, the ABLE Act exists to provide a better economic future for people […]
If you are avoiding thinking about your passing away, and the result your passing will have on your special needs child, then it is time to stop. It may be scary to plan for an unfortunate event, but being unprepared is even scarier. You may think, How will anyone be able to provide, or care […]
While there is little empirical evidence connecting autism in children to the divorce of the child’s parents, it is without saying that the situation is stressful. Even without the factor of special needs added, divorce is a long and tedious process. Of course one of the main things you’ll think of when the word divorce […]