by The Academy of Special Needs Planners | Jul 7, 2023 | News
A trust is a legal document that you can set up to give assets to someone else. Trusts can be revocable or irrevocable. If you (the grantor) choose to create a revocable trust, you can modify it at any point during your lifetime. With irrevocable trusts, however, you...
by The Academy of Special Needs Planners | Jun 24, 2023 | News
Medical care is one of the most important services, if not the most important service, that a person with special needs may need over the course of her life. The transition from a parent’s health insurance to an individual plan can begin at age 18 and stretch...
by The Academy of Special Needs Planners | Jun 24, 2023 | News
The financial planning steps a family takes when their child turns 18 establish the foundation for the child’s support and well-being for the rest of the child’s life. If parents make the wrong decisions during this transition, the effects of those errors could...
by The Academy of Special Needs Planners | Jun 21, 2023 | News
POMS & Special Needs Trusts Distributions What is POMS? POMS is the Program Operations Manual System which is the primary source of information used by Social Security employees to process claims for Social Security benefits such as Supplemental Security Income...
by The Academy of Special Needs Planners | Jun 15, 2023 | News
With careful Medicaid planning, you may be able to preserve some of your estate for your children or other heirs while meeting Medicaid’s low asset limit. The problem with transferring assets is that you have given them away. You no longer control them, and even...
by The Academy of Special Needs Planners | Jun 13, 2023 | News
Parents of children with special needs are often daunted by the different government programs that fall under “disability benefits.” Two of the most common benefit programs also have very similar names and acronyms. These are Supplemental Security Income...
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