Sep 15, 2025 | Blog, Special Needs Trusts
The traditional nuclear family is largely a thing of the past. Blended families, in which one or both spouses have children from previous relationships, are an increasingly common phenomenon. “Nontraditional” families, including blended families, now...
Jun 30, 2025 | Illinois, Social Security, Special Needs Trusts
Individuals with special needs often receive government benefits to assist them with medical and living expenses. However, these crucial benefits are typically needs-based. As a result, a sudden influx of income – such as a personal injury settlement or award –...
Jun 10, 2025 | ABLE Accounts, Government Programs, Special Needs Trusts
Special needs trusts and ABLE accounts are useful saving tools to save much-needed funds for children with special needs. Although their requirements vary, these tools allow these individuals to shelter savings without endangering their eligibility for means-tested...
May 12, 2025 | Blog, Special Needs Trusts
A special needs trust is a way for families to financially support their family members with special needs without endangering their eligibility for needs-based government benefits like Medicaid and SSI. Many families in this situation set up a special needs trust as...
Nov 14, 2024 | Blog, Special Needs Trusts
The SECURE Act, SECURE 2.0, and recently released regulations interpreting this legislation have significantly impacted retirement planning, especially as it relates to special needs trusts, which are designed for individuals with disabilities. The changes that these...
Sep 12, 2024 | Blog, Special Needs Trusts
All special needs trusts aim to allow individuals with special needs to save money for future needs while still maintaining their eligibility for government benefits like SSI and Medicaid. However, significant differences exist between pooled special needs trusts and...
