The Hidden Risk of NC ABLE Account Legislation
The North Carolina legislature recently passed changes involving ABLE accounts that are being widely promoted as a positive development for families dealing with disabilities and special needs planning. On the surface, the changes sound extremely appealing because they are intended to limit or eliminate Medicaid Estate Recovery claims against certain ABLE account funds after the […]
The Government “Help” That Comes With Strings Attached: Special Needs Planning Pitfalls to Avoid
If there’s one thing I’ve learned from decades of estate planning, it’s this: when the government says, “We’re here to help,” it’s time to slow down and read the fine print. That’s especially true when it comes to planning for loved ones with special needs. While government programs like ABLE accounts, D4A Trusts, and Long-Term […]
Estate Planning for Children with Special Needs
One of the most critical areas of life and estate planning is providing protection for special needs children and beneficiaries. In supporting the needs of children and adults dealing with physical and mental challenges, the U.S. government is pretty good when compared to many other nations. However, the government is also very stringent in making sure that the person receiving support has no other means of support. This often leads to a quandary because parents and other relatives want to provide support in their estate planning documents, but parents know all too well that this well-intended support can quickly lead to a benefits being cut off until all of the inherited money is spent.
Special Needs Estate Goals
Taken From “The Simple Guide to Special Needs Estate Planning” No, you can’t,” the woman was loudly saying. “You can’t leave money to an autistic child! Are you crazy?” I usually enjoy attending conferences and informational fairs, and my office often gets a table at these events. Unfortunately, there are a lot of misconceptions surrounding certain […]
Five Hidden Keys to Special Needs Estate Planning
When it comes to estate planning for a beneficiary with special needs, there are a lot of myths, half-truths, and misinformation out there. And unfortunately, some of these things just get out there because it worked in one particular circumstance and suddenly everybody’s thinking about it. These keys will help people think about this specific […]
Cornhole Tournament to Benefit Special Olympics
There are many ways to both benefit charities and save on taxes through good estate and financial planning for after you pass on. There are also a lot of tax techniques to benefit you and charities during your lifetime that can save tens or hundreds of thousands of dollars. However, there are also some […]