You should consider these tips before choosing a home for someone who has a physical or developmental disability. The US Department of Housing and Urban Development (HUD) lists state and local government agencies and other organizations that can help you. At the federal level, HUD also provides information about Section 504 regulations defining federal financial assistance. In particular, Section […]
Special needs trusts (SNT), or supplemental needs trusts, are legal entities designed to assist people of any age with disabilities with maintaining government benefits and receiving additional financial assistance. Under the SSA expenditure rules, an SNT can provide additional monies to enhance the beneficiary’s lifestyle while maintaining Medicaid, Social Security Disability Insurance (SSDI), or Supplemental […]
People with disabilities can save money tax-free through special needs trusts (SNT) and Achieving a Better Life Experience accounts (ABLE). Both options provide a mechanism for saving money and protecting resources that ensures the person with a disability (PWD) continues their eligibility for public benefits programs. Accumulating resources for the benefit of a PWD without […]
Taking into consideration the future care of their special needs child requires parents to take on unique responsibilities. Funding a special needs trust (SNT) with life insurance is one of the most important things you can do to provide additional monies while protecting eligibility for government benefit programs. Life insurance policies provide special needs families […]
Exactly what are special needs? Individuals with special needs are those who face learning difficulties, behavioral or emotional difficulties, or physical difficulties. For example, individuals with autism, ADHD, Asperger syndrome, Down syndrome, dyscalculia, dyslexia, deafness, blindness, and cystic fibrosis fall into the special needs category, as do cleft lips, missing limbs, and more. The US government […]