Written by Darren Findling Utilizing the Spend Down Option to Maintain SSI and/or Medicaid Eligibility People with special health care needs and limited funds of their own often rely on public benefits for their well-being. Some of the most common public benefits include Supplemental Security Income (SSI) and Medicaid. To be eligible for SSI and/or [...]
Special Needs Trusts were made to provide additional income for individuals with special needs, such as autism. This income is used to improve the individual’s quality of life. With April being autism awareness month, it’s a good time to look at some of the things a Special Needs Trust can cover. For parents and caregivers, [...]
Written by Andrew Lorelli Supplemental Needs Trusts (“SNTs”, also called Special Needs Trusts) are a common estate planning tool. SNTs are for people who receive means-tested government benefits, as well as those who also may be the beneficiaries of an estate or the recipient of settlement funds after a lawsuit. SNTs are designed to allow [...]
