Don’t Forget Long-Term Care Costs When Planning Your Estate
When discussing estate planning with clients or potential clients, the meeting usually begins with questions about who will receive property, who will make medical and/or financial decisions upon incapacity, and how to minimize taxes and the costs of estate...
The Estate Planning Discussion We Keep Putting Off
Estate Planning. Talking about death and dying is not high on the list of conversations we are comfortable having. If this describes you, you are not alone. According to AARP, approximately 60% of Americans do not have a Will. Without a Will, your probate property...
Protecting Your Home From The Costs Of Long-Term Care
There are several planning options when it comes to protecting assets from the rising costs of long-term care. For purposes of this article, we will focus on the use of an irrevocable trust to protect the home and other assets and whether it is still a viable...
Five Practical Uses for an ABLE Account
We have previously written about the pros and cons of ABLE (Achieving a Better Life Experience Act of 2014) accounts. These accounts allow many people with disabilities or their families to establish tax-free savings accounts that won’t affect their ability to qualify...
How to Earn Additional Income Without Losing SSI Benefits
Although Supplemental Security Income (SSI) recipients are subject to rigid asset limits, the federal government has provided a few avenues for beneficiaries to earn income that supplements their SSI benefit. The Social Security Act imposes a $2,000 asset limit on SSI...
Should You Have a Care Committee in Your Special Needs Trust?
Most special needs trusts give their trustee wide authority, often appropriately so, to respond to unforeseen circumstances. But for those concerned about placing some checks and balances on the trustee’s authority, one possible option is a care committee. Special...
How Does Workers’ Comp Affect SSDI Benefits?
Some people become disabled as the result of a work-related illness or injury. In these cases, the individual may be eligible for both Social Security Disability Insurance (SSDI) and workers’ compensation benefits. Unfortunately, their total benefits may be limited by...
Do I Qualify For Disability With Pervasive Developmental Disorder (PDD-NOS)
PDD-NOS stands for Pervasive Developmental Disorder-Not Otherwise Specified (PDD-NOS). PDD-NOS was one of several autism diagnoses that are now included in the overall diagnosis of autism spectrum disorder (ASD) with the publication of the DSM-V. In the DSM-IV, the...
How Do You Apply For Social Security Disability?
The basic steps you need to know when applying for Social Security...
How Does the SSA Calculate Cost of Living Increases?
Next year, Social Security recipients will see a 2 percent raise in benefits, the largest increase in six years. For Social Security Disability Insurance (SSDI) recipients, the average monthly benefit will go up from $1,170 to $1,180, not including people who are...
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