Posts Tagged
‘special needs’

We unfortunately keep seeing examples of public figures not getting an estate plan in place.  Aretha Franklin is the most recent example, even though family circumstances, such as a special needs son and accumulated assets, suggested it was critical to complete the planning.  Now all her business will be public and her family will have [...]
Parents with a child with special needs have additional considerations in their estate planning.  Who steps in to care for the adult daughter or son with special needs when the parents are gone?  This article highlights important factors in that decision.  Mission can be part of the solution by serving as the corporate trustee for [...]
Congress enacted the Achieving a Better Life Experience (ABLE) Act in 2014 to allow people with disabilities to save for disability related expenses while maintaining eligibility for Supplemental Social Security.  Here is a summary on who can set up these accounts. ElderLawAnswers.com
Individuals with disabilities and their families may establish tax-advantaged savings accounts, similar in concept to IRAs, that can be used for living costs associated with the disability.  Here is some information about the ABLE account. ElderLawAnswers.com
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