Taking care of a loved one with special needs can be exhausting and stressful. Often due to the lack of outside help, a devotion to the person needing care, or the tunnel vision that can accompany exhaustion, caretakers don't take … [Read more...]
Print This PageMoving? Make Sure Your Special Needs Planning Moves With You
January 9, 2009 by
If you have already established an appropriate special needs trust for your child, then congratulations! You've taken a wonderful step towards ensuring that your child can take maximum advantage of the government programs … [Read more...]
Print This PageDivorce and the Child With Special Needs: Income Deeming and Child Custody
December 12, 2008 by
Divorce is a difficult process for everyone. If you have a child with special needs, the choices you make during a divorce can have lifelong repercussions, both for you and for the child. It is not always in the best interest of a … [Read more...]
Print This PageWriting a Memorandum of Intent for a Special Needs Child
November 25, 2008 by
How can you ensure that your special needs child will remain well cared for and secure once others assume the role of guardian or caregiver? While creating a financial plan and establishing a specialized trust are central to … [Read more...]
Print This PageEstate Planning For Parents of Special Needs Children
October 22, 2008 by
A recent Wall Street Journal article focused on estate planning for parents of children with special needs, which includes the following challenges: - How do you leave funds for the benefit of the child without causing the child … [Read more...]
Print This PageAdulthood Decision-making for a Special Needs Child
October 6, 2008 by
Parents of children with special needs must be concerned with ensuring that medical and financial decisions will continue to be made in the child’s best interest once the child reaches age 18 – the age of legal capacity. In most … [Read more...]
Print This PageNew Law Will Slash Medicare Copayments
September 3, 2008 by
An overlooked portion of recent Medicare legislation promises Medicare recipients greater access to mental health benefits. Both houses of Congress passed the new law, known as the Medicare Improvements for Patients and Providers … [Read more...]
Print This PageFunding a Special Needs Trust: How Much is Enough?
August 13, 2008 by
As a parent or guardian, you want to ensure that your child with special needs will remain financially secure even when you are no longer there to provide support. Given the significant, ongoing expenses involved in your child’s … [Read more...]
Print This PageIRA Distributions to Third-Party Special Needs Trusts: Avoiding the ‘Five-Year Rule’
July 8, 2008 by
For many parents, the majority of their savings is held in some kind of a retirement account, often an Individual Retirement Account (IRA). At age 70 ½, an IRA account holder faces the Required Beginning Date, when he or she must … [Read more...]
Print This PageCare Management for Your Child With Special Needs
June 13, 2008 by
When establishing a special needs trust (SNT) for your child, it's important to consider how much care the child may need in the future and who will oversee any arrangements related to that care. In many cases, either a family … [Read more...]
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