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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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…

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