What is a Special Needs Trust? A “special needs trust” is a specific type of trust that is established for a person with special needs to supplement the benefits the person with special needs may receive from government programs such a SSI and Medicaid. A properly drafted special needs trust will allow the beneficiary to Read More
Help for People with Disabilities
Help for People with Disabilities Federal legislation adopted in 2015 allows people with disabilities who became disabled before they turned 26 to set aside up to $14,000 a year in tax-free savings accounts without affecting their eligibility for government benefits. Generally a disabled person cannot have assets worth more than $2,000 without forfeiting eligibility for Read More
Court of Appeals Requires Accident Proceeds To Be Paid To Special Needs Trust
Court of Appeals Requires Accident Settlement Funds To Be Paid To Special Needs Trust The Indiana Court of Appeals has ruled unanimously that a trial judge was wrong in refusing to fund a severely injured adult’s special needs trust with $6.75 million in funds from settlement of a suit involving an traffic accident that had Read More