28
Jan
The ABLE Act, which will provide opportunities for disabled individuals to save money without adversely affecting government benefits, was signed by President Obama on December 19, 2014. The ABLE Act will benefit many families and disabled individuals. The Act has shortcomings, however, and is not for everyone. Recognizing that the regulations are still to be […]
11
Jan
My child receives SSI and I am the representative payee. Can I use the rent I charge my child to pay the premium for a life insurance policy to fund a special needs trust? Yes. The rent money is yours to spend as you like. Purchasing a life insurance policy with you or you and […]
11
Jan
Can I add money to my child’s Special Needs Trust? It depends on whose money it is and what type of Special Needs Trust (SNT) it is. If the trust is a first-party Special Needs Trust (or Payback Special Needs Trust) and the money belongs to your child, then the answer is yes, assuming there […]