by The Academy of Special Needs Planners | Feb 20, 2022 | News
Naming a trust as a beneficiary of your retirement plan can be a good idea in some circumstances, but it can be dangerous if you are worried about creditors coming after your estate. There are a lot of good reasons to name a trust as beneficiary of a retirement plan,...
by The Academy of Special Needs Planners | Feb 16, 2022 | News
When loved ones pass away, there are lots of considerations, including what happens to their Social Security. The decedent’s payments need to be stopped, but survivor’s benefits may be available to the spouse or, in certain cases, children. Social Security benefits...
by The Academy of Special Needs Planners | Feb 15, 2022 | News
For tax year 2021, the IRS is expanding eligibility for the earned income tax credit (EITC), an important antipoverty measure that assists those with low-incomes. One key impact of these changes is that more people without children, many of whom are also people with...
by The Academy of Special Needs Planners | Feb 8, 2022 | News
Vice might be nice, as the old saying goes, but can things like cigarettes, alcohol, and pornography be paid for out of a special needs trust (SNT)? The answer is . . . it depends. Obviously, if such activities are specifically ruled out in a third-party trust, then...
by The Academy of Special Needs Planners | Feb 3, 2022 | News
If a loved one is experiencing memory loss or suddenly making poor decisions, you may want the court to appoint a guardian, which requires a declaration of incompetence. Determining whether someone is incompetent to make their own decisions is a complicated process....
by The Academy of Special Needs Planners | Feb 1, 2022 | News
After being off-limits to most members of the public since March 2020, Social Security Administration (SSA) offices are set to reopen on March 30, 2022, barring an unexpected snag in negotiations with unions representing agency workers or a major change in the...
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