Category Special Needs Trusts
In some cases, individuals with special needs can qualify for public benefits like social security benefits. Usually, this requires meeting certain income or asset criteria be met. Individuals with disabilities can use ABLE accounts to save money and pay for quality of life expenses that will not count against the income or asset criteria. In
In 2015, Louisiana passed the ABLE Act, which authorizes individuals with special needs and their families to save money for special needs based expenses in a tax-free account. In short, it creates a low cost alternative to a special needs trust to protect the finances and improve the quality of life for individuals with special needs. Under
Everyone knows that they should have a will. This is correct, but incomplete. What everyone truly needs is a proper estate plan to cover three scenarios adults commonly encounter: 1) you become unable to care for your finance, 2) you become unable to make medical decisions, and 3) you die. Although there are many ways
Today, more than any other generation, people find that they have to care for their aging parents or siblings. In some cases, the aging or disabled adults require assistance and help with taking care of medical, personal or financial decisions. As long as the individual is competent, he or she may determine the person or