Mar 15, 2022 | Blog, Social Security
Under Illinois law, children may have a right to receive child support from one or both parents after they reach adulthood if they are disabled. However, they also may be eligible to receive Medicaid and Supplemental Security Income (SSI), which have strict income and...
Feb 28, 2022 | Blog, Government Funding, Government Programs, Resources, Social Security, Special Needs Trusts
A person’s resources affect the ability to qualify for crucial government benefits. The Social Security Administration (SSA) sets forth resource limits for SSI applicants and recipients. For example, to qualify for Supplemental Security Income (SSI),...
Feb 14, 2022 | Blog, Special Needs Trusts
The Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect on January 1, 2020. The SECURE Act affects special needs planning, in particular, inherited IRAs owned by third-party special needs trusts. Historically, these types of trusts...
Jan 31, 2022 | Blog, Government Programs, Social Security
Social Security benefits are available through the Social Security Disability Insurance (SSDI) program to people who cannot work because they have a medical condition expected to last at least one year or result in death. Adults must meet a very rigid definition of...
Jan 17, 2022 | Blog, Special Needs Trusts
Beneficiaries of government programs such as Supplemental Security Income (SSI) and Medicaid must have limited income to qualify for these benefits. They may lose these crucial benefits if they receive an inheritance, an accident settlement, or simply accumulate too...
Jan 4, 2022 | Blog, Resources, Special Needs Trusts
Establishing a third-party special needs trust is a major step in providing for the needs of an individual with disabilities. Special needs trusts are complex and may be difficult to understand and administer. Once the trust documents have been signed, the trust has...
