Inheritance planning is not a “one-size-fits-all” endeavor. Different people on your inheritance list are just that, different, and the circumstances can dictate the best way to proceed with regard to each individual. With this in mind, if you have a loved one with a disability, you have to tread lightly when you are creating your […]
supplemental needs trust
Consider Special Needs Planning During Disability Pride Month
Disability Pride Month is a time to celebrate the strength and resilience of individuals with disabilities. It is also an opportunity to reflect on the critical steps needed to ensure their financial security and overall well-being. If you have a loved one with a disability, proper special needs planning is essential to protect their future […]
Special Needs Planning: What Is an ABLE Account
Planning for the financial future of a loved one with disabilities involves navigating complex regulations and ensuring their eligibility for essential public benefits. One tool that can assist in this process is the Achieving a Better Life Experience (ABLE) account. Understanding how an ABLE account functions and its benefits can be instrumental in securing a […]
Does Medicaid Estate Recovery Apply to a Special Needs Trust?
Medicaid is a vital source of health insurance for many people with disabilities. It provides necessary coverage, especially for those with limited financial resources. Alongside Medicaid, Supplemental Security Income (SSI) offers a modest monthly stipend to individuals with disabilities who cannot earn sufficient income. However, navigating Medicaid’s rules, especially regarding inheritances, can be tricky. If […]
Preserving Special Needs Benefits: Taking the Right Steps
Preserving special needs benefits can be tricky, but following these steps as laid out by our estate planning attorney S.J. Khalsa will help you understand what you need to do. It is important to stop and consider the life situation of each person that is on your inheritance list. The ideal way to provide for […]
Will Medicaid Take the Remainder in a Special Needs Trust?
Many individuals with special needs are not capable of working, so they do not receive health insurance through their employers. Obviously, these folks need coverage more than the average person, and Medicaid is there to fill the void. The Supplemental Security Income (SSI) program provides a very modest stream of monthly cash to augment the […]
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