Tax Deductions and Credits for People with Disabilities and Their Families
If you or your spouse have a disability, or if you care for a dependent with a disability, you may be able to qualify for one or more tax credits and deductions.
Can a Guardian be a Trustee?
Can the parent of a person with special needs, who is also that person's guardian, serve as the trustee of a special needs trust that [...]
Recent Case Spotlights Problem of Excluding People with Special Needs From Gifting Plans
Parents giving gifts to children will sometimes provide nothing to the child with special needs while giving substantial amounts to the child’s siblings. This planning strategy can lead [...]
Senate Passes Special Needs Trust Fairness Act; Focus Shifts to House
The Senate has unanimously approved the Special Needs Trust Fairness Act, a bill that would allow people with disabilities to create their own first-party special needs trusts without having [...]
Do Frequent Flier Miles Expire When You Do?
Accumulated frequent flier miles can be valuable assets, but what happens to those miles after somene dies? Can a spouse or other heirs inherit them, or do the miles simply evaporate [...]
Court Approves Use of Short-Term Annuities for Medicaid Planning
A federal appeals court has ruled that Medicaid officials must accept applicants' short-term annuities, providing more certainty for Medicaid applicants' use of this important planning [...]
Incentives to Keep Working While You Collect Social Security
If you are able to continue working while receiving Social Security benefits, you can increase your overall benefit. In addition, although your benefits may be [...]
