Wednesday, Feb, 02, 2022
Strafford Webinars – Special Needs Trusts: 1st Party and 3rd Party Reporting 12:00pm – 1:50pm CST
Thursday, Mar, 24, 2022
Guardianship and Disability Planning – Parent Transition Night @ Valley View School District 365U
Wednesday, Apr, 06, 2022
Virtual Presentation for District 230 and Lincoln Way District – April 6th, 2022
Wednesday, Apr, 13, 2022
The Arc of Illinois Annual Convention “Turning Silver Linings into Golden Opportunities” April 13th – 14th, 2022
Tag Archives: self-settled
Trusts: The Basics
People just beginning their future planning may hear many terms thrown around by their relatives and attorneys: trust, beneficiary, settlor, and more. For those unfamiliar with trusts, the many different words used to describe them can be quite confusing. This …
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Income Taxation of Special Needs Trusts, Part 1
In your future planning for your child with special needs, remember to consider income taxation of special needs trusts. If you set up a special needs trust (“SNT”) with another law firm, the attorneys may not have discussed how you …
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Payments from Non-Special Needs Trusts to People with Special Needs
For people with special needs, receiving a payment from a non-special needs trust may have significant consequences. In fact, any unexpected payments can jeopardize a person with special needs’ eligibility for Supplemental Security Income (SSI) benefits, Medicaid, and other government …
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Can a Person with Special Needs Establish His Own Trust?
As of December 30, 2016, individuals with special needs who have capacity can establish their own special needs trusts. See 21st Century Cures Act, P.L. 114-255, Section 5007 (2016). Previously, first party self-settled special needs trusts could only be created with the help …
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