The Special Needs Trust Fairness Act, federal legislation that will allow people with disabilities to create their own special needs trusts instead of having to rely on others, has passed the Congress.
A little-known provision in the Social Security regulations allows the spouse of a retiree to also receive Social Security benefits, even if he has not yet reached retirement age, so long as he is caring for a child with disabilities at home.
Giving your house to your children can have tax consequences, but there are ways to accomplish it tax-free. The best method to use will depend on your individual circumstances and needs.
What many parents don't think about the effect that their own estate plan can have on their child's government benefits like Medicaid or Supplemental Security Income (SSI).
Personal care assistants (PCAs) may be an option to give caregivers needed help. Most states provide personal care services through their Medicaid programs to help families manage the daily care of children, adults and the elderly with long-term disabilities.
Yes, but be aware that a co-trustee can be held responsible for another co-trustee’s breach of a fiduciary duty. Thus, it is important that all co-trustees pay close attention to everything that is done in the administration of the trust.…
After holding steady at $104.90 a month for four years, the standard Medicare Part B premium that most recipients pay will rise 4 percent to $109 a month.
While you are eligible to apply for Medicare when you are 65, there are circumstances where you might not want to, particularly if you are working full time for a larger employer or contributing to a health savings account.
Many parents feel intimidated at the thought of attending their child’s first Individualized Education Program (IEP) meeting, but with adequate preparation it can be an informative, successful and (relatively) stress-free experience.
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2017 taxes as a result of buying long-term care insurance.