Estate Planning for Disabled Children

Planning for the Needs of Disabled Children

If your child has a disability, you are not alone. According to the US Census Bureau, more than three million children (4.3% of the under-18 population) in the country had a disability in 2019, which is up 0.4% higher since 2008. Medical care and long term treatment can be terrifically expensive. One way to ensure…

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mom and son creating special needs trust

What Is a Special Needs Trust?

Every family has unique estate planning needs because every family is different. Families come with different structures, different dynamics, and different needs for each member. Do you have a family member with special needs? If so, you may have worried about how to provide for them or how to give them a gift or leave…

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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…

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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…

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