Nov 26, 2021 | Blog, Government Funding, Government Programs, Special Needs Trusts
Recently, the federal government announced the cost-of-living adjustment (COLA) for 2022. This adjustment is applied to federal benefits to be disbursed in 2022. Many analysts expected that the COLA would be the highest since 1983 when it was 7.4 percent. The single...
Nov 11, 2021 | Blog, Government Programs, Resources, Special Needs Trusts
The second part of this blog will discuss the way that income is characterized for a means-tested entitlement program and how it affects a benefit award. The federal Supplemental Security Income (SSI) program rules distinguish between and characterize income in...
Oct 27, 2021 | Blog, Government Programs, Resources, Special Needs Trusts
Eligibility rules for many critical essential entitlements are means-based. Thus, any income and assets received by an individual with disabilities will affect the benefit awards that they potentially receive from these types of entitlement programs. Therefore, the...
Oct 13, 2021 | Blog, Special Needs Trusts
The two entirely different types of trusts that are usually referred to as “special needs” trusts are treated differently for tax purposes, benefit determinations, and court intervention. We already discussed Self-Settled Special Needs Trusts in our prior blog post....
Sep 29, 2021 | Blog, Special Needs Trusts
Greater awareness of disabilities in the last few decades has caused many of us to appreciate the need for special needs trusts. In most cases, the primary, essential purpose of a special needs trust is to improve the quality of life of an individual with special...
Sep 15, 2021 | Blog, Special Needs Trusts
A child with special needs changes the life of a family in many ways. The parents of a child with special needs embark on an unplanned journey knowing little of what the future holds for their child. Planning for an unknown future without any knowledge or experience...
