Feb 14, 2024 | Blog, Government Programs, Resources
As the parent of a child with special needs, you must plan not only for your financial future but also for that of your child. That plan may include the use of various forms of insurance. While you may plan to care for and financially support your child with special...
Feb 1, 2024 | Blog, Special Needs Trusts
A qualified disability trust (QDT) is a type of trust that qualifies for a specific federal tax exemption and is designed to benefit an individual with special needs. Most special needs trusts qualify as QDTs. The amount of this federal tax exemption changes over...
Jan 22, 2024 | ABLE Accounts, Blog
In 2014, Congress passed the Achieving a Better Life Experience (ABLE) Act, which authorizes individuals with special needs to establish ABLE accounts or special savings accounts. Before the ABLE account, these individuals often could only have significant savings by...
Oct 10, 2023 | Blog, Government Programs, Resources
As children with special needs become adults, they often rely on various public benefits to assist them with medical care, financial support, and other forms of care. These public benefits programs may include Supplemental Security Income (SSI) and Medicaid. However,...
Sep 29, 2023 | Blog, Resources
As children with special needs complete high school and become adults, parents may be looking for additional educational opportunities for them. Fortunately, your family may be able to take advantage of some forms of assistance that may enable, support, and assist...
Aug 30, 2023 | Blog, Illinois, Special Needs Trusts
When you engage in estate planning, a major goal is often to provide for your children after you are gone. If you have a child with special needs, you understand that your child may need financial support for the rest of their life. Additionally, a child who needs...
