Q. Our son, Joey, has Down’s Syndrome. We decided it was a good idea to plan in advance for him for when we can no longer care for him ourselves. We have been researching our options and found information on Special Needs Trusts … [Read more...]
How Can ABLE Accounts and Special Needs Trusts Work Together?
How Having a Special Needs Loved One Affects Estate Planning and Retirement Planning
Q. Our daughter, Sophie, has an Autism Spectrum Disorder (ASD). She is verbal, but needs lots of help academically and with her social skills. She may not be able to live independently when she becomes an adult. When it comes to … [Read more...]
Congress Reverses Recent Changes to the Kiddie Tax
The article below can be found at specialneedsanswers.com here. By Andy Jones A major bipartisan bill, signed into law by President Trump in December, includes significant tax changes for people with assets in a special … [Read more...]
Critter Corner: What Happens When a Person with Autism Becomes an Adult?
Dear Bebe, My niece, Amelia, has an Autism Spectrum Disorder (ASD), but is high-functioning. What happens to most children with ASD when they transition to adulthood? Thanks! Will … [Read more...]
Imagine Paying College Tuition for the Rest of Your Life . . .
Q. I recently read an article in CNBC that’s states that, “It can take millions to care for your special needs child.” The article describes how one family needed $3 million to cover the cost of lifetime care for their 23-year-old … [Read more...]
Critter Corner: Building a Life Care Plan for a Special Needs Loved One
Dear Magic, Our daughter has special needs. We have money set aside for her in a special needs trust and we have an ABLE account set up. We want to do more to plan for her future. I heard about something called a Life Care … [Read more...]
Why the White House Glowed Blue on Monday
Clay is 13 years old and has never flown in an airplane. His mom, Jennifer, avoided taking him to the airport because he gets overly anxious when he is among big crowds and lots of noise. This year, his grandmother was celebrating … [Read more...]
Supreme Court Rules that the Bare Minimum Isn’t Enough/Planning for an Uncertain Future
Q. My daughter, Hailey, has high-functioning Autism Spectrum Disorder (ASD), is severely learning disabled, and has a difficult time paying attention in school. We have attended Individualized Education Plan (IEP) meetings, and … [Read more...]
Critter Corner: An ABLE Account for a Loved One with a Disability
Dear Angel, I have an intellectually disabled daughter, and I’ve seen a lot of information this month from the ABLE National Resource Center through their #ABLEtoSave campaign. I understand that it’s state run, and that … [Read more...]