SECURE Act has Changed Special Needs Planning
An applicable multi-beneficiary trust can solve some--but not all--of the challenges that the new act presents.
Different Trusts for Different Estate Planning Purposes
Trusts are legal entities that own assets, and all trusts are not alike. They are created by a written trust document with certain provisions that can vary from trust to trust.
What You Need to Know If Asked to Serve as a Trustee
If asked to be a trustee, anyone, unless previously experienced in this field would not know what the responsibilities are. How much work is involved? What is the time frame? Do I need to prepare tax returns and handle accounts? Can I get help? When do my responsibilities end?
Estate Planning For Special Needs Family Members
Without proper planning, leaving an inheritance or making a gift to a disabled family member can cause the disabled person to lose their means-based government benefits, such as Supplemental Security Income or Medicaid.
Special Needs Planning Uses ABLE Accounts
New rules let some individuals put away more money in these plans, while still preserving their benefits.