Mistakes Retirees Make—Beneficiaries with Special Needs

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[Pennsylvania retirees often make legal and estate planning mistakes because of a lack of accurate information and guidance. These mistakes can impact the retirees’ financial security and prevent them from achieving important goals.]  The existence of a child, grandchild, or other potential beneficiary with a disability (often referred to as “special needs”) complicates the estate […]

Congress Passes Special Needs Trust Fairness Act

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The Special Needs Trust Fairness Act provides that individuals with disabilities can now create their own special needs trusts instead of having to rely on others. The Act was included as Section 5007 of the 21st Century Cures Act which was signed into law by the President on December 13, 2016. The Act corrects an error in existing […]

Pass the Special Needs Trust Fairness Act

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The Special Needs Trust Fairness Act was approved by the US Senate on September 9th and is now under consideration by the House of Representatives. The Act corrects an error in existing law that creates needless delay and legal expenses for many people with disabilities. Disabled individuals who want to live active lives can face […]

Special Planning for Special Needs

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Having a child, grandchild, or other potential beneficiary with a disability (often referred to as having “special needs”) makes estate planning more difficult. Proper planning of your will, trust, and beneficiary designations is complicated when you want to protect and provide for an heir with special needs. With wise advance planning you can provide for […]

Pennsylvania Updates Law on Pooled Trust Accounts

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Individuals with disabilities often rely on public benefits from programs like Supplemental Security Income (SSI) and Medicaid to meet their basic needs. These programs require beneficiaries to have limited financial resources. The receipt of a small inheritance or the settlement of a law suit can cost the individual his or her benefits. What is a […]