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Is There a Difference Between “Supplemental” and “Special” Needs Trusts?

by The Academy of Special Needs Planners | Apr 21, 2023 | Uncategorized

Have you heard the terms “special” needs trust and “supplemental” needs trust and wondered what the difference is? The short answer is that there’s no difference. Here’s the long answer: When the field of special needs planning...

Could the SSI “In-Kind Income” Definition Change?

by The Academy of Special Needs Planners | Feb 27, 2023 | Uncategorized

A newly proposed rule by the Social Security Administration (SSA) could ultimately change the way “in-kind income” is defined for recipients of Supplemental Security Income (SSI). What Is SSI? Supplemental Security Income (SSI) is a federal public benefits program...

Competitive Integrated Employment (CIE): Working With a Disability

by The Academy of Special Needs Planners | Nov 26, 2022 | Uncategorized

Persons living with a disability have the right to engage in full-time, part-time work, or self-employment. In doing so, they should be able to be paid minimum wage and be part of an environment that has both disabled and non-disabled persons working together, with...

Trusts in the News: Court Must Provide Reasoning When Ordering Individuals to Pay Breach of Trust Damages

by The Academy of Special Needs Planners | Aug 15, 2022 | Uncategorized

The Supreme Court of Nebraska rules that a county court erred when it found that siblings had not improperly substituted trustees or amended a trust, but ordered them to pay breach of trust damages without explaining its reasoning. In Masek v. Masek (In re Charles...

Supplemental Security Income (SSI) & What One Needs to Apply

by The Academy of Special Needs Planners | Aug 8, 2022 | Uncategorized

SSI is the basic federal safety net program for the elderly, blind and disabled, providing them with a minimum guaranteed income. For 2022, the maximum federal SSI benefit is $841 a month for an individual and $1,261 a month for a couple (normally, the amounts go up...

Five Questions to Ask Before Settling a Personal Injury Lawsuit

by The Academy of Special Needs Planners | Jun 26, 2022 | Uncategorized

When personal injury lawsuits are settled, the underlying settlement figure may be less than initially meets the eye due to attorneys’ fees, expenses and other costs. To ensure the resulting settlement best protects the plaintiff’s long-term financial interests,...
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