How Does the SECURE Act Affect My Estate Plan and My Child with Special Needs?

For most families with a loved one with disabilities, much of the assets which will be used for the loved one’s long-term needs are found in pre-tax accounts, such as IRAs. SECURE Act Means Drastic Changes to Retirement Account Inheritance Rules Congress recently passed, and the President signed into law, the “SECURE Act” (Setting Every […]

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Don’t Neglect the Third Stage of Estate Planning

Recently, I was out of the office for an early morning meeting with a client. While waiting in the lobby, I ran into a different client who happened to work in the building. I’d done some significant estate planning for her and her husband, and she told me that she’d been meaning to call me […]

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Another State Taxing a Trust

When it comes to the everyday life of an individual who has a developmental disability, life can present unexpected obstacles not only for the individual, but for family and friends, as well.  The challenges are made easier through well-planned trusts which protect important government benefits, such as Medicaid and Supplemental Security Income (SSI), and ensure […]

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Why a Living Will is Important

Some clients are hesitant about signing a Living Will. Many believe that signing a Living Will is a death sentence and the doctor will not save them if they are in severe distress. Others believe signing a Do Not Resuscitate Order (DNR) in a hospital is equivalent to a Living Will. However, a Living Will’s […]

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Cost of Living Increase Impacts Medicaid Income Eligibility

Cost of Living Increase Impacts Medicaid Income Eligibility

On January 1, 2019, the Social Security Administration adjusted benefits upward by 2.8 percent.  The 2.8 percent cost-of-living adjustment will begin with benefits payable to more than 62 million Social Security beneficiaries.  Increased payments to more than 8 million Supplemental Security Income (SSI) beneficiaries brings the maximum monthly benefit from $750 per month in 2018 […]

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Considerations When Planning for Families with Special Needs

Considerations When Planning for Families with Special Needs

Recent changes in the laws have added new complexities and considerations when planning for a person with a disability.  Although not all are changes to trust law, many of the programmatic changes impact how we handle special needs estate planning.  The most important of these changes include:

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Mishandled Medicaid applications can cause bills and headaches

Medicaid Applications: Pitfalls to Avoid

For many families, placing a loved one in a nursing home is a traumatic and unwelcomed event.  In so many cases, the adult children of elderly parents are signing admission agreements to nursing homes that have a personal guarantee of payment – that if the nursing home doesn’t get paid, the adult child will be […]

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