Planning for the future is complex, especially when it comes to deciding what happens to your property and assets after you pass away. One of the main things you may want to do is provide for your loved ones by bequeathing your wealth and assets to them. If you are...
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Special Needs Planning
Planning ahead: Picking your disabled child’s future guardian
The natural order of things usually means that children outlive their parents -- and that's a big concern when you're the parent of a disabled child who will never be able to function completely independently. How do you pick a guardian or conservator for your child...
Your adult child’s trust and Supplemental Security Income
If your adult child receives Supplemental Security Income (SSI) due to a disability, you're likely aware of exactly how important those benefits are -- particularly the associated health benefits. You don't want to do anything to endanger those, now or in the future....
If your child is disabled, talk about the future early
Wills and inheritances are often tricky issues, simply because there are usually a lot of different dynamics in play. Everything can become even more complicated, however, when one of your children is disabled. If one of your adult children is disabled, there are...
Explore options for adult children with autism early
Children with autism grow up to become adults with autism. That can be overwhelming for both the autistic young adult and their parents. That's why it's never too early to start thinking about how to balance the autistic adult's need for independence with the very...
Be careful how you disburse funds from special needs trusts
Disabled individuals who receive Supplemental Security Income (SSI) are very limited in the amount of assets that they can have in their names. An exception allows funds to be held in a special needs trust. Disbursements from the trust can be used to pay for things...
ABLE accounts for individuals with disabilities
The Achieving a Better Life Experience Act, or ABLE, can help the families of the disabled plan for a better future. Here are some of the most important things you should know. 1. What's an ABLE account? They're tax-advantaged savings accounts where the beneficiary is...
Homeless millionaire no longer without a home
Thanks to ongoing coverage of his plight, which put a good deal of attention and pressure on the trustee in charge of his fortune, millionaire Alan Fantin finally has a real home. A terrible car accident had left Fantin, who is now aged 51, suffering from a partial...
Take steps to protect your adult autistic child
Do you have an autistic child who is about to celebrate his or her 18th birthday? If so, there's more reason to fear than celebrate. Now that he or she is legally an adult, you aren't in as strong of a position to protect him or her from the rest of the world. Because...
