Generally, a Special Needs Trust is a very specific trust that can be beneficial to those receiving government benefits because of special needs. Most commonly in this category is Medicaid and SSI. To receive government benefits such as Medicaid and SSI, an individual must have limited assets and income. A Special Needs Trust is [...]
New Veterans Administration Rules Released in 2018 The new rules will impact the needs-based benefits for veterans and surviving spouses. Clarification of commonly confusing areas like evaluating net worth, asset transfers, and income exclusions were the focus of the new rules. The Veterans Administration Final Rule, as it’s being called, created a new net worth [...]
We are bringing in new talent all the time! Andrew Lorelli, who started at The Probate Pro in November, comes to us as an experienced attorney. He has put in time working in criminal defense, no-fault insurance defense, family law, general civil litigation and unclaimed asset recovery, but he says that probate is his true [...]
Last week, the NICU Grandpa from Atlanta went from comforting premature infants in a local hospital to warming hearts across the nation. A retired international marketing executive, David Deutchman didn’t exactly set out to regularly get “puked on and peed on,” but it’s quickly become a new-found joy. He told CNN that one of his [...]
Creating a trust is much like baking a pie. Whether you’ve bought a pre-made crust or made your own, there is still some prep in readying it for filling. “Creating” a trust is the same as preparing a crust – you’ve given shape and form to the trust, but it’s still empty. And no one wants [...]
The common terms in estate planning can be confusing and overwhelming. Terms such as “grantor,” “trustee,” “settlor,” “successor trustee,” “executor,” “personal representative,” and many others are commonly used. So much legal vernacular is enough to make someone’s head spin, especially without any prior knowledge of estate planning. This post will focus on who a trustee [...]
We are excited to share the information below on Special Needs Planning, which was written courtesy of our guest blogger Paul who is serving as a summer law clerk at our office. What is a Special Needs Trust? My older brother is autistic and will be dependent upon my parents for the remainder of their [...]
A child with special needs is shopping with their parents at a local grocery store. When his parents run into friends and stop to chat, a flashy display catches his eye and he discreetly wanders toward it to get a closer look. After satisfying his curiosity, the boy turns to go back to his parents [...]
Throughout April, the world has been lighting up blue in recognition of World Autism Month. Universally-recognized landmarks across the globe, such as The White House, the Empire State Building, and Niagara Falls, have lit up blue in support of Autism awareness and the Light It Up Blue campaign. As the fastest-growing developmental disorder in America [...]
People with disabilities will be able to open new, tax-free savings accounts under at least two programs offered nationally this summer. This week, Ohio launched its’ STABLE Account program. With the launch of this program, Ohio became the first state in the country to offer ABLE accounts to qualified individuals with disabilities The state-sponsored accounts [...]
