With the CDC estimating that the prevalence of children with autism spectrum disorder (ASD) has increased by almost 10 percent, it is time to address the needs of this segment of the population from a financial as well as a healthcare perspective. If you have a child with ASD, you are far from alone. As…
Continue reading…Saving for Your Special Needs Child with a Trust
What are the benefits of using a trust to save funds for my special needs child? For the parents of special needs children, worries for the future abound. Having a child with special needs presents many challenges, not the least of which are financial. The current American healthcare system leaves many families with special needs…
Continue reading…Special Needs Trust Fairness Act Becomes Law
On December 7, 2016, the Senate approved the 21st Century Cures Act, which includes the Special Needs Trust Fairness Act, allowing competent individuals with disabilities to create their own special needs trusts. Special Needs Trusts enable assets to be saved on behalf of people with disabilities, while protecting their eligibility for means-tested benefits. Programs such as Medicaid and…
Continue reading…Special Needs Trusts Are A Critical Part of Many Estate Plans
According to the Centers for Disease Control and Prevention’s Disability and Health Data System, 20.9% of all the adults living in California have a disability. That means the loved ones of 20.9% of all Californians may have to be especially thoughtful when crafting their estate plans. Unfortunately, leaving as little as $2,001 to a disabled…
Continue reading…Planning for the Needs of Disabled Children
If your child has a disability, you are not alone. The 2010 census estimates that about one in twelve American children has a disability. Medical care and long term treatment can be terrifically expensive. One way to ensure that those needs will be met while protecting your assets is through a special or supplemental needs…
Continue reading…