by The Academy of Special Needs Planners | Aug 8, 2022 | News
In special needs families, proactive planning is essential to ensuring care for their disabled loved one. Here are some helpful steps: Buy enough life insurance. A parent is irreplaceable, but someone will have to fill in if the worst happens. It may be siblings or...
by The Academy of Special Needs Planners | Aug 8, 2022 | News
Older or disabled people may need a trusted individual to step in and manage their affairs, should they ever suffer debilitating health problems like dementia, Alzheimer’s disease, and strokes. Guardianship can provide protection and assistance with certain decisions...
by The Academy of Special Needs Planners | Aug 3, 2022 | News
A child may be eligible for Social Security benefits when at least one parent qualifies for Social Security retirement, disability, or death benefits. Children receive these benefits based on their parent’s work records. In 2021, the Social Security...
by The Academy of Special Needs Planners | Aug 1, 2022 | News
What is a GRAT? Grantor Retained Annuity Trusts (GRATs) are a mechanism by which wealthier individuals and couples can transfer appreciating assets to their heirs and minimize gift or estate taxes. High-net-worth individuals and couples can use GRATs to freeze the...
by The Academy of Special Needs Planners | Jul 25, 2022 | News
IRS Tax Tip 2022-112, July 25, 2022 People with disabilities can use an Achieving a Better Life Experience or ABLE account to help pay qualified disability-related expenses. This tax-advantaged savings account doesn’t affect their eligibility for government...
by The Academy of Special Needs Planners | Jul 21, 2022 | News
Those with special needs often cannot get by without housing assistance from federal programs like the Section 8 Housing Choice Voucher Program. For example, while many people with special needs are on Supplemental Security Income (SSI), the average rent for a modest...
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