Building an Estate Plan for Adult Children with Disabilities

Avon Lake Estate Planning Attorney

Parents of adult children with disabilities know that their child’s disability needs may change over the course of their lifetime. Planning for the future well-being of an adult child with disabilities is, therefore, a responsive, ongoing process. The life expectancy of Read More …

ABLE Account Owners Who Work Can Save More

ABLE Account Owners Who Work Can Save More Through 2025 If you are an individual with a disability who holds an ABLE account, your annual contributions to this type of account generally must not exceed $17,000 a year, as of Read More …

Using a Credit Card When You Have a Special Needs Trust

Special Needs Trust Attorney Keeps Theft from Happening

A special needs trust (SNT) allows you to meet your needs while receiving government benefits, such as Medicaid and Supplemental Security Income (SSI). When you have a special needs trust, you can use it to pay for goods and services government benefits Read More …

“Supportive Housing” For Adult Children With Special Needs

special needs attorney

Affordable, safe housing is one of the most crucial aspects of a person’s life, especially if that person has a disability. Parents and guardians must plan for this as early as possible to make sure their loved one has a Read More …

Qualify For Medicaid While Supporting Your Child With Disabilities

If you have a child with a disability, providing for them into the future will likely stand among your top priorities. However, if you also wish to apply for Medicaid to cover your own long-term care expenses, first consider establishing Read More …

Should We Set-up an ABLE Account, a Special Needs Trust or Both?

Special Needs Trust Attorney in Ohio

If you have a child with disabilities, it is crucial to set money aside for the child’s future. At the same time, you need to consider your child’s access to public benefit programs such as Medicaid and Supplemental Security Income (SSI), Read More …

What Are a Special Needs Trustee’s Record-Keeping Duties?

Special Needs Trust Paperwork and File Keeping

One of the most important roles in a special needs plan is that of trustee, the person who administers a special needs trust (SNT). Of a trustee’s many responsibilities, record-keeping is perhaps the most crucial. Because the trustee is managing accounts on behalf Read More …

New Advice: Consider Leaving an IRA to a Special Needs Trust.

Special Needs Trust Beneficiary of IRA

The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most beneficiaries to save on taxes by “stretching” distributions over many years. (Read our post, SECURE Act Increases Tax Read More …

Bill Reintroduced to Greatly Expand Eligibility for ABLE Accounts

ABLE account no longer disabled

More than six million people whose disabilities arose later in life will be able to open ABLE savings accounts if a bill just reintroduced in Congress, the ABLE Age Adjustment Act, becomes law. In 2014, Congress passed the Achieving a Better Life Experience (ABLE) Read More …

ABLE Account Could be a Great Place for Your $1,400 Stimulus Payment

ABLE Account for your Stimulus Check

President Biden has signed the $1.9 trillion American Rescue Plan into law. Among its benefits are $1,400 checks that are already landing in the bank accounts or mailboxes of most Americans to help them weather the economic downturn caused by Read More …

Theft from Special Needs Trust. Consider Using a Professional Trustee.

Special Needs Trust Attorney Keeps Theft from Happening

A New Jersey man has been charged with stealing $330,000 from the special needs trust (SNT) of a man living in a long-term care facility.  The case highlights the importance of having a professional trustee manage a special needs trust. Read More …

How to Create an Estate Plan to Benefit a Child with Special Needs

Special Needs Planning Attorney

People not familiar with children with special needs often find it surprising when we explain our areas of expertise are estate planning, long term care planning, elder law and special needs planning.  They usually haven’t considered that children with disabilities Read More …