Podcasts about Special needs trust

This week, we're diving into a question about the tax treatment of Special Needs Trusts. There are two types—First-Party and Third-Party trusts—but how does each one affect taxes? We'll break down key differences in taxation, who reports the income, and what trustees need to consider when filing returns. If you or a loved one rely on a Special Needs Trust, understanding the tax implications is essential. Tune in for a clear and practical breakdown! Although this show does not provide specific tax, legal, or financial advice, you can engage Devin or John through their individual firms. 

In this episode of Senior Matters, Mark E. Wight and Scott Cruise dove into the importance of special needs trusts (SNT) for families caring for individuals with physical, mental or developmental disabilities. Learn how these trusts protect financial stability while preserving eligibility for government benefits like Medicaid. Through real-life examples—including a family who unintentionally disinherited their special needs child—this episode highlights why proper planning is essential. If you or a loved one cares for a special needs individual, this episode will provide crucial insights and guidance on securing their future.

At Bellomo & Associates, we are committed to client education. In this episode, Jeff discusses the differences between a Special Needs Trust and a Supplemental Needs Trust as part of that commitment. Our Special Needs Workshop offers another opportunity to learn these key concepts. Our Estate Planning Workshop focuses on pre-planning activities such as Wills, Powers of Attorney, Asset Protection Trusts, etc.  If you or a loved one will need skilled care in the next six months to a year, our Medicaid Workshop would probably best serve you. The Life Care Planning Workshop allows you to help a loved one age in place. Our licensed social workers share their valuable expertise with you. After the loss of a loved one, you can attend our Administration Workshop where you'll learn how to administer the estate properly.  Call (717) 845-5390 or visit https://bellomoassociates.com/workshops/ to learn more or register for our free, educational workshops.   WHAT YOU NEED TO KNOW (00:00) Episode introduction. (05:39) Our Special Needs Workshop looks at special needs trusts (also known as first-party trusts or payback trusts or d4A trusts), supplemental needs trusts (i.e., third-party special needs trusts), pooled trusts, ABLE accounts, and more.  (09:00) A third-party special needs trust is created and funded by someone for a person with a disability. A first-party special needs trust is created and funded by the person with the disability. (10:47) The terms “special needs trusts” and “supplemental needs trusts” are essentially interchangeable.   (16:51) “First-party special needs trust” and “third-party special needs trust” are clearer terms and the rules for each are different. A first-party special needs trust provides for the state to get repaid up to the amount of care provided. A third-party special needs trust does not repay the state.     ABOUT BELLOMO & ASSOCIATES Jeffrey R. Bellomo, the founder of Bellomo & Associates, is a licensed and certified elder law attorney with a master's degree in taxation and a certificate in estate planning. He explains complex legal and financial topics in easy-to-understand language. Bellomo & Associates is committed to providing education so that what happened to the Bellomo family doesn't happen to your family. We conduct free workshops on estate planning, crisis planning, Medicaid planning, special needs planning, probate administration, and trust administration. Visit our website (https://bellomoassociates.com/) to learn more.   LINKS AND RESOURCES MENTIONED Bellomo & Associates workshops:https://bellomoassociates.com/workshops/ Life Care Planning The Three Secrets of Estate Planning Nuts & Bolts of Medicaid For more information, call us at (717) 845-5390. Connect with Bellomo & Associates on Social Media Tune in Saturdays at 7:30 a.m. Eastern to WSBA radio: https://www.newstalkwsba.com/ X (formerlyTwitter):https://twitter.com/bellomoassoc YouTube: https://www.youtube.com/user/BellomoAssociates Facebook:https://www.facebook.com/bellomoassociates Instagram:https://www.instagram.com/bellomoassociates/ LinkedIn:https://www.linkedin.com/in/bellomoandassociates WAYS TO WORK WITH JEFFREY BELLOMO Contact Us:https://bellomoassociates.com/contact/ Practice areas:https://bellomoassociates.com/practice-areas/          

Understanding whether a Special Needs Trust is necessary can be complex, especially if your child isn't receiving Social Security Disability benefits. In this episode, we explore the purpose of Special Needs Trusts, how they work, and why they might still be a crucial part of your financial plan. Don't miss these valuable insights to help secure your child's long-term care and financial stability.   Contact:   513-463-6789   info@CincinnatiEstatePlan.com https://cincinnatiestateplan.com/contact/ 

A special needs trust trustee has many roles as a trustee/fiduciary ranging from how to distribute funds to investing and filing tax returns. The various roles are discussed.

Mike discusses the legacy of Steve Jobs and draws lessons to why legacy and estate planning is crucial in a retirement plan. He emphasizes the need for a solid estate plan to ensure family harmony and protect beneficiaries, especially in cases involving special needs. The discussion highlights the emotional aspects of planning for the future and the necessity of having clear directives to avoid conflicts among heirs. Ready to build your retirement plan? Visit MichigansRetirementCoach.com to connect with Mike and his team today!See omnystudio.com/listener for privacy information.

Understanding the administration of special needs trusts can make a world of difference for people with disabilities, providing them with financial stability and peace of mind. These trusts—like third-party and first-party trusts—come with specific rules that trustees must follow to ensure the beneficiary can keep accessing essential public benefits. In this episode of Parenting Impossible, I talk about the importance of building a solid relationship between trustees and beneficiaries. Understanding the basics of trust administration is valuable for everyone—not just those currently acting as trustees. I also stress how crucial it is to use clear, precise language and to accurately identify beneficiaries in trust documents. These details are essential to ensuring that beneficiaries keep access to the public resources they rely on. If you're ready to take control of your trust administration knowledge and make a lasting impact, register for my Special Needs Advocacy and Planning Masterclass. This provides the tools and guidance you need to create a comprehensive life plan with confidence. In this episode, you will hear: Learn the difference between third-party and first-party special needs trusts. What factors trustees should consider when making distribution decisions within special needs trusts. What responsibilities trustees have when managing special needs trusts. How trustees can protect the beneficiary's public benefits within special needs trusts. Why it is essential for trustees to consult with professionals and understand tax implications. Resources from this Episode: Register for the Special Needs Advocacy and Planning Masterclass   Engage with us: Join our community: Circle of Care Visit:  https://annettehines.com Read Butterflies and Second Chances LinkedIn: @annette-hines-snc  Instagram: @parentingimpossible Facebook: @SpecialNeedsCompanies Twitter: @SpecialNeedsCo   Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast.  

Today's episode is a must-watch for parents and caregivers of special needs children! We're joined by Bro Naim Omar from Ethiqal Wealth Advisory to discuss an incredible financial support scheme. Learn about the joint partnership between MUIS and the Special Needs Trust Company (SNTC) that's designed to help you secure your child's future. Don't miss this valuable insight into how you can plan ahead and ensure lasting financial protection for your loved ones with special needs. Supported by the Ministry of Social and Family Development (MSF), Special Needs Trust Company (SNTC) is the only non-profit trust company set up to provide affordable trust services for persons with disabilities. Since 2014, the Special Needs Savings Scheme (SNSS) is also administered by SNTC. The purpose of SNTC is to provide a vehicle that ensures the financial security of persons with special needs is met when their parents or caregivers pass on. At SNTC, we have a team of trained social workers who will work with the caregivers to develop individualised care plans for each special beneficiary to meet their long-term care needs.

The definition of synergy is two things put together, having an effect greater than the sum of the parts. Synergy can play a beneficial role in family finances. A case in point is an ABLE account working together with a special needs trust for a person with disabilities. Matt Syverson joins us today to talk about it.Matt Syverson is Managing Partner & Senior Wealth Advisor for Sound Stewardship in Overland Park, Kansas. He is also a Certified Financial Planner (CFP®) and a Certified Kingdom Advisor (CKA®). What is an ABLE Account?An ABLE account, short for “Achieving a Better Life Experience,” is a tax-advantaged savings account specifically designed for individuals with disabilities. It allows them to save money and work without losing access to crucial government benefits like Supplemental Security Income (SSI) and Medicaid, which have strict asset limits of $2,000 for individuals and $3,000 for couples. The key features of an ABLE account include:Eligibility: Available to those who are blind or disabled before age 26 (rising to 46 in 2026).Savings Opportunity: Allows individuals to work and save without exceeding government asset limits.Tax Benefits: Often provides state tax deductions similar to 529 college savings plans.Contribution Limits: The lifetime maximum contribution limit aligns with 529 plans but should stay under $100,000 to avoid affecting SSI or Medicaid.Qualified Expenses: Can be used for day-to-day needs like food and rent, excluding vices like alcohol or gambling.No Impact on Government Benefits: ABLE account balances won't disqualify the individual from receiving SSI or Medicaid.It's important to note that in most states, there is a Medicaid payback provision, which allows the state to recover funds from the ABLE account to cover medical bills after the account holder's passing. However, some states, including Kansas, have removed this clawback provision, making these accounts even more attractive for families.What is a Special Needs Trust?A special needs trust (SNT) is a more established tool designed to protect individuals' eligibility for government benefits while allowing families to manage significant assets. This trust can hold homes, vehicles, real estate, investments, and various accounts like IRAs or Roth IRAs. Key benefits of a special needs trust include:Asset Management: Can hold a wide variety of assets that would otherwise disqualify someone from receiving government benefits.Estate Planning Certainty: Spells out how the assets will be managed and distributed after the individual's passing.No Medicaid Clawback: Unlike ABLE accounts, SNTs are not subject to Medicaid payback provisions, providing greater long-term financial security.Spending Flexibility: Can cover a wide range of expenses not covered by government programs.However, special needs trusts come with a downside. If the trust is used to pay for food or rent, the SSI benefit will be reduced by $334 per month. Additionally, any direct payments to the individual from the trust can affect SSI income, so careful management is required.How Can ABLE Accounts and Special Needs Trusts Work Together?Combining an ABLE account with a special needs trust can offer significant advantages for families. The ABLE account can be used for day-to-day expenses, while the special needs trust can be preserved for larger, long-term financial goals. This separation allows for greater flexibility and financial independence.Day-to-Day Needs: An ABLE account can cover immediate expenses like food and rent without reducing SSI benefits.Long-Term Planning: A special needs trust can hold larger assets and ensure they are passed on to future beneficiaries without impacting government benefit eligibility.Tax Benefits: ABLE accounts enjoy tax-free growth and withdrawals for qualified expenses, while special needs trusts are fully taxable each year. Therefore, it is beneficial to use the ABLE account for specific expenses to maximize tax savings.Why Go Through the Effort?Setting up both an ABLE account and a special needs trust takes planning, but the benefits are well worth it. ABLE accounts are simple and inexpensive to establish, offering tax advantages and flexibility for everyday expenses. Special needs trusts, while more complex and costly, assure that your loved one will retain their benefits and that their assets will be managed according to your wishes.When creating these plans, it's crucial to consult with an attorney and a financial advisor. Coordinating contributions to the ABLE account and the special needs trust is crucial to avoid exceeding limits that could affect eligibility for government benefits.Combining an ABLE account with a special needs trust can provide powerful financial synergy for families caring for a loved one with disabilities. With the right planning, these tools help ensure both short-term financial needs and long-term security, allowing your family member to thrive and achieve their God-given potential.On Today's Program, Rob Answers Listener Questions:My wife and I have the opportunity to purchase land and build a home using a VA loan. We currently own 8 acres with a mobile home, and we're trying to decide whether to get a double-wide mobile home or build a metal shop/barn instead. We have six kids, so finding the right long-term housing solution is essential. What is the best approach for us?Resources Mentioned:Sound StewardshipLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

In this episode, we talk about classes attended and resources at The Family Cafe, an annual conference for families with disabilities in the state of Florida. You can subscribe to our monthly Parenting Autism Newsletter at parentingautism@att.net. You can also reach out if you want to purchase a signed edition of our book, "PARENTING AUTISM: The Early Years." Bryce is a funny, mechanical, HAPPY little guy who was diagnosed with autism at age two and is now ten  years old. His pure joy makes this world a much better place!We are humbled and honored to follow our calling and be Autism Ambassadors while helping others understand our world a little more than they did before listening to the podcast. We also feel called to bring light to a community that has experienced dark days after the "diagnosis". (Luke 1:79) You can follow us on our Parenting Autism Youtube Channel (Parenting Autism Show) and our Facebook & Instagram pages to see stories, pictures, and videos of our autism journey. You can also contact us through Facebook, Instagram, or by email: parentingautism@att.net. Support the Show.

Learn more about the importance of MiABLE accounts for special needs children!

Understanding the different types of Special Needs Trusts is essential for families and caregivers to make informed decisions about their loved one's future financial planning.

The importance of creating a financial plan, in which care for a loved one is paramount, is critical for many investors. In some cases, these plans include creating a Special Needs Trust ("SNT") as well as maximizing government assistance from Social Security and Medicaid. On this episode we dive deep into this important topic with Ashley Velategui, a Director in Bernstein's Wealth Strategies Group. We explain how Special Needs Trusts work, their special features, and how to most effectively create them. Ashley demystifies the complexity behind many of the government assistance programs and highlights strategies to maximize benefits. We also explain ABLE Accounts and how they can be a part of the overall plan. With any questions or comments, or to discuss your own financial situation, I can be reached at marc.penziner@bernstein.com or 212-969-6655.The information presented and opinions expressed are solely the views of the podcast host commentator and their guest speaker(s).  AllianceBernstein L.P. or its affiliates makes no representations or warranties concerning the accuracy of any data. There is no guarantee that any projection, forecast or opinion in this material will be realized. Past performance does not guarantee future results. The views expressed here may change at any time after the date of this podcast. This podcast is for informational purposes only and does not constitute investment advice. AllianceBernstein L.P. does not provide tax, legal or accounting advice. It does not take an investor's personal investment objectives or financial situation into account; investors should discuss their individual circumstances with appropriate professionals before making any decisions. This information should not be construed as sales or marketing material or an offer or solicitation for the purchase or sale of any financial instrument, product or service sponsored by AllianceBernstein or its affiliates.

Kelly Piacenti, ChSNC®, Head of SpecialCare at MassMutual, educates Joe and Rooster on a range of very important topics for those caring for, or living with, people with special needs. Kelly's late son, Nick, inspired her to do what she does today — to make everyone's life a little easier. Kelly doesn't believe in “disinheriting” and shares invaluable insight into how we can leave money to our loved ones with special needs when we die, without disqualifying them from government benefits. Topics range from financial planning and drafting a letter of intent, to navigating guardianship/conservatorship and exploring special needs trusts, as Kelly opens our minds to the resources of SpecialCare. Kelly reinforces, “It is great to have a plan in your head, but if it is not on paper, no one can help execute your plan when you are gone!”  Email us at Podcast@AinsleysAngels.org if you would like a copy of Kelly's “Letter of Intent” template. Email ADP@AinsleysAngels.org if you might want to apply for the next Ally Development Program, powered by MassMutual.   Here is a short description of the workshops mentioned by Kelly:  10 Basic Financial Steps for Special Needs Caregivers: This workshop will discuss 10 basic steps to help caregivers get started in preparing for the financial future of their dependent with special needs. As a caregiver of a dependent with special needs, the single most important issue on your mind, regardless of the age of the dependent, is what will happen to my dependent after I'm gone. There are some needs that will always be present and they must be carefully considered and planned for appropriately. This workshop addresses such critical issues as applying for government benefits for Social Security and Medicaid, creating a Special Needs Trust, the importance of a Will and considering a Letter of Intent. Taking these 10 basic steps now can help ensure the type of care and quality of life for a loved one's well-being today and tomorrow.   ABLE Accounts: President Barack Obama signed the Achieving a Better Life Experience, or ABLE Act on December 19, 2014 as part of the Tax Increase Prevention Act of 2014. This law allows qualified individuals with disabilities to have a tax-advantaged savings account. This workshop provides information of ABLE accounts, as well as overview on special needs trusts as possible planning tools to enhance the quality of live for a loved one with special needs.  Letter of Intent: A letter of intent is a way of communicating your desires and concerns, as well as caregiving instructions to future caregivers, guardians, trustees and advocates of dependents with special needs. This workshop will discuss how a letter of intent can be used as part of the special needs planning process. Although not a legally binding document, it will allow future caregivers to more quickly learn how to deliver the very best care possible.  https://www.massmutual.com/specialcare  

Brandon Erickson, from O'Keefe O'Brien Lyson Attorneys, joins Amy & JJ to discuss a special needs trust. See omnystudio.com/listener for privacy information.

Navigating the complex currents of special education and parenting a child with a disability can feel like an insurmountable challenge, but Vickie Rubin has charted this territory with grace and resilience. Her journey, which encompasses both her personal life as a mother to Jessica and her professional career as an advocate, is rich with insights that offer support to families on similar paths. In our heartfelt conversation, we peel back the layers of family dynamics, the weight of tough choices, and the lifelines of humor and hope that sustain those in the thick of it.Raising a child with a disability often reshapes a family's world, something Vickie Rubin knows all too well. She opens up about the strain these challenges can place on marriages, the unique experiences of siblings, and the vast landscape of emotions that accompany caregiving. Siblings, the unsung heroes in these narratives, bring forth a tapestry of resilience, as they navigate their own social worlds while supporting their family. As a caregiver myself, I interweave my experiences, reflecting on the profound lessons in compassion and the subtle shifts in perspective that shape us.Stitching together a future for a child with special needs encompasses more than day-to-day care—it lays in the foundation of long-term planning and the cultivation of independence. Vickie takes us through Jessica's journey to build her own community and find joy in her everyday life through music therapy, technology, and friendships. We also illuminate the crucial role of special needs attorneys and the establishment of a Special Needs Trust, key components in securing a loved one's financial well-being. Vickie's engagement with her audience extends beyond our conversation, as her bi-monthly blogs and memoir, "Raising Jess: A Story of Hope," continue to offer resources and solace to families navigating this complex world.Support the show

Common misconceptions regarding using a trust to aid in qualifying for Medicaid. -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

Worried about what's ahead for your loved one with a developmental disability? It's totally okay to feel unsure, especially when you are trying to plan for their future. In this episode, I share Jamie's story—a powerful reminder of why just having a Special Needs Trust might not be enough. Jamie's parents did what they thought was best and set up a special needs trust, but when they were gone, Jamie's life got tough. It took her 3 years to find her way again. I don't want that for you or your loved one. That's why I'm talking about three necessary steps you can take alongside a Special Needs Trust. These steps can really make a difference for your loved one's future, even without you. I also describe what a Special Needs Trust (USA) and Henson Trust (Canada) are, and why they are important to set up for your loved one with a disability. Come join me in the video as I explain these steps. Let's face the future together with hope and possibility.  

Our guest this week is James “Jamo” Myles of Georgetown, Grand Cayman who is father of seven, including two with ASD and who is a coordinator with the Department of Youth Services for the Cayman Islands.James and his wife, Melissa, have been married for two years and between them they are the proud parents of seven children; his children: Ahmed (28), Jamar (23), Jarrod (23) and Sarah (14) and Melissa's children; Novano (22), Myra (17) and Jade (13). Both Jarrod and Sarah have Autism.James is a proud member of the Myles family one of the largest families in the Cayman Islands. We also learn about how his faith has guided him, his Youth Flex Radio program and Inclusion Cayman (formerly the Special Needs Trust) whose mission as an independent, impartial non-profit organization is to: 'advocate on behalf of children and adults with intellectual and developmental disabilities and their families.'James has an engaging personality and has quite a story to tell. And we'll hear it on this episode of the SFN Dad to Dad Podcast. Show LinksEmail – James.Myles@gov.kyWebsite – https://inclusioncayman.ky/Phone - 1-345- 922-3652Special Fathers Network - SFN is a dad to dad mentoring program for fathers raising children with special needs. Many of the 500+ SFN Mentor Fathers, who are raising kids with special needs, have said: "I wish there was something like this when we first received our child's diagnosis. I felt so isolated. There was no one within my family, at work, at church or within my friend group who understood or could relate to what I was going through."SFN Mentor Fathers share their experiences with younger dads closer to the beginning of their journey raising a child with the same or similar special needs. The SFN Mentor Fathers do NOT offer legal or medical advice, that is what lawyers and doctors do. They simply share their experiences and how they have made the most of challenging situations.Check out the 21CD YouTube Channel with dozens of videos on topics relevant to dads raising children with special needs - https://www.youtube.com/channe...Please support the SFN. Click here to donate: https://21stcenturydads.org/do...Special Fathers Network: https://21stcenturydads.org/SFN Dads Mastermind Group - https://21stcenturydads.org/sfn-mastermind-group/Discover more about the Dads Honor Ride 2023 - https://21stcenturydads.org/2023-dads-honor-ride/Find out about Horizon Therapeutics – Science and Compassion Working Together To Transform Lives. https://www.horizontherapeutics.com/

For families with special needs children, creating a Special Needs Trust or an Able Account helps ensure that they can continue to receive necessary public benefits and support, even if their parents are no longer able to care for them.    In this week's episode of Retire in Texas, Darryl Lyons welcomes David Alvarez onto the show. David is a partner of PAX Financial Group and has a deep understanding of the financial advice world.    Some of today's topics discussed include:    -Highlighting the importance of special needs planning and the need to make legal and financial preparations for their future.   -A breakdown of Special Needs Trusts and what benefits it can offer for a variety of different circumstances.   -What Able Accounts are, and why they are a more cost-effective way to save for the future of special needs children compared to setting up a Special Needs Trust.   -Emphasizing the importance of communication within the family regarding long-term planning.   If you enjoyed today's episode, make sure to share it with a friend or loved one!   Disclaimer: Clicking the Like button does not constitute a testimonial for, recommendation or endorsement of our advisory firm, any associated person, or our services. Clicking the Like button is merely a mechanism to circulate our social media page. “Like” is not meant in the traditional sense. In addition, postings must refrain from recommending us or providing testimonials for our firm.

NYC Special Education Attorney Adam Dayan sits down with Bruce Maier, Financial Advisor and Managing Partner of Iron Birch Advisors to demystify the process of planning financially for a child with special needs. Throughout this episode, they explore ways in which parents can ensure long-term financial stability for their disabled child after they are gone by establishing a Special Needs Trust. They speak about the legal tools needed for estate planning to better protect a disabled child from being disqualified from receiving future assistance from government programs after being designated a beneficiary of assets. They also cover some common mistakes caretakers of dependents with special needs should be sure to avoid.

  Welcome Back No-Problem Parents! Today's guest is on a mission. Maria Zondervan has a son with autism who may never be able to support himself fully financially and has made it her life's mission to help others like him, by first helping their parents. Maria specializes in helping parents of special needs children build a financially secure future for themselves and their children that will last generations.   Get the tools & knowledge needed to secure the future for your special needs child: Gov't Benefits, Guardianship, Special Needs Trust, etc. REGISTER FOR THE SEPTEMBER 26th @ 7pm ET - FREE Webinar HERE: NAVIGATING KEY OPTIONS for FAMILIES with SPECIAL NEEDS   There are so many frustrated parents out there without a plan, fearful of the future for their children. Maria guides them into becoming superheroes in their children's lives. She helps parents become well informed, confident, generous, successful real estate investors, who are financially secure and have a nest egg for themselves and their children.   1. The government isn't going to take care of your child. Social Security Disability Insurance, HUD, and Medicare in the United States are vastly insufficient to live on.   2. Taking care of a special needs child is many times more expensive than taking care of a regular child – which is already expensive. If you want a quality life, you can't work 80 hours a week to support your family. You must find a better way to build wealth.   Maria left her biology career after a 26-year tenure to focus on securing a financially stable future for her autistic son through commercial real estate investing. She specializes in recession-resistant assets, such as affordable housing, long-term holds, and value-add apartments that help investors grow their net worth. Through her company, Blue Vikings Capital LLC, Maria helps investors achieve consistent annual returns of 12% or more.   Maria is also the Founder of Valhalla Villas, a non-profit organization dedicated to providing housing and independent living services for autistic adults. She offers investment opportunities in these communities for anyone seeking "forever hold" assets that they can pass on to their heirs, particularly beneficial to special needs parents who wish to ensure the financial security of their children.   Maria's accomplishments demonstrate that financial gain is not the only measure of success; making a positive impact on the world around us is equally important. Learn more about Maria by clicking one of the links: https://linktr.ee/bluevikingscapital https://www.facebook.com/maria.zondervan https://www.linkedin.com/in/maria-zondervan-b5b61544/ https://www.youtube.com/@bluevikingscapital https://www.instagram.com/mariazondervan/ Facebook Group: A Bright Future: A Special Needs Community: https://www.facebook.com/groups/924001701903257 www.BlueVikingsCapital.com www.ValhallaVillas.org (non-profit)   CLICK HERE: CHECK OUT THE NO-PROBLEM PARENTING RESOURCE PLAYGROUND A variety of RESOURCES for parents that Jaci recommends to help YOU the parent and YOUR children. We don't know what we don't know. I am on a mission to help you find the best (and often unknown) resources for your family so that you can deal with and overcome any problem!   Thank you to our SPONSORS! If your company, product or service would like to partner with No-Problem Parenting and help us, help more families, email admin@helloworldmn.com with subject line: BECOME a SPONSOR   Check it out: Volume 2 No Problem Parenting:; Resources and Stories that Create Confidence and Connection AVAILABLE NOW: Paperback or KINDLE OR Volume 1: No-Problem Parenting; Raising Your Kiddos with More Confidence and Less Fear! Order your copy HERE   Are you ready to become a No-Problem Parent?   Start here: Becoming a No-Problem Parent on-demand program. Just $50!   The most common response I get from parents that have worked with me is “We wish we would've known of you years ago."   To learn more about Parenting Support, be a guest on the show or hire Jaci to Speak at your next event: Schedule a call now: Jaci's Calendar   Want access to ALL of Jaci's favorite resources, training, parenting courses, and all things No-Problem Parenting? Sign up for our NEWSLETTER and get the free Make it Right PDF Download. Listen to Episodes 9 and 23 for more info on the benefits of The Make it Right Technique!     Follow us on FB   Follow us on IG   Follow us on LinkedIn     Hugs and High Fives,   Jaci

Paul invites PWI advisor and Chartered Special Needs Consultant® (ChSNC®) Chad Henson to the show to talk about how to create a plan to support children who struggle with independence. Today, Chad talks about how special needs children are often targeted by people who want access to any money they have, and how protecting and maintaining a special needs trust is usually a team effort. Listen along to hear these advisors talk about teaching your children how to have strong financial boundaries and whether or not your special needs child should be the trustee. If you're looking for help caring for your family, it's important to talk to someone who is qualified to help you.   For more information about what we do or how we can help you, schedule a 15-minute call with us here: paulwinkler.com/call.

A special needs trust, also known in some jurisdictions as a supplemental needs trust, is a specialized trust that allows the disabled beneficiary to enjoy the use of property that is held in the trust for his or her benefit, while at the same time allowing the beneficiary to receive essential needs-based government benefits. A Special Needs Trust is a specific type of irrevocable trust that exists under Common Law. Several Common Law nations have established specific statutes relative to the creation and use of Special Needs Trusts, and where they exist a Special Needs Trust will not be valid unless it comports with the requirements listed in the statute. The applicable Federal statute in the United States is found at Title 42 United States Code. Several States have established their own statutes. Generally, irrevocable trusts can be used for minors, beneficiaries with physical or mental challenges, and as a method of asset protection. In addition to the public benefits preservation reasons for such a trust, there are administrative advantages of using a trust to hold and manage property intended for the benefit of the beneficiary, especially if the beneficiary lacks the legal capacity to handle his or her own financial affairs. Special needs trusts may also be useful for people who are planning for possible future disability. Throughout the world. A trust for a beneficiary with disability may be set up in any of the common law countries, including the United States, and also in other countries that recognize the concept of a "trust." In such jurisdictions, there is often legislation that provides advantages to such trusts in the areas of taxation and state benefits, for example, in Ireland and the United Kingdom. In the United States of America, such trusts provide advantages in helping beneficiaries qualify for health care coverage under state Medicaid programs, and also for monthly cash payments under the Supplemental Security Income (SSI) program operated by the Social Security Administration. Overview. Special needs trusts can provide benefits to, and protect the assets of, minors and the physically challenged or the mentally challenged. Special needs trusts are frequently used to receive an inheritance or personal injury settlement proceeds on behalf of a minor or a person with disability, or are founded from the proceeds of compensation for criminal injuries, litigation or insurance settlements. A common feature of trusts in all common law jurisdictions is that they may be run either by family members (a private trust) or by trustees appointed by the court. Especially where a trust is to be established for a child or young person with disability, great care is generally taken in the choice of appropriate trustees to manage the trust assets and to deal with future replacement appointments. The use of a private discretionary trust can not only be more efficient in terms of taxation and access to government benefits but can also allow for more efficient investment of funds held than where funds are held by a court official (such as the Official Receiver in England and Wales). However where no appropriate trustees can be found, for example on the death of existing trustees, the court will intervene. Special needs trusts are often set up under the guidance of a structured settlement planner in cooperation with a qualified legal and financial team to ensure the trust is set up correctly. Only authorized non-profit organizations are approved to manage a special needs trust program. Such pooled trusts are available throughout the United States and are often centered on certain purposes (often disabilities). --- Send in a voice message: https://podcasters.spotify.com/pod/show/law-school/message Support this podcast: https://podcasters.spotify.com/pod/show/law-school/support

Special Needs Trusts: A Guide to Protecting Your Loved OnesWelcome back to another estate planning edition of Wine and Dime. In this episode, we will be delving into the topic of special needs trusts. As the CEO and founder of Rooted Planning Group, I have had the privilege of gaining valuable insights from the Encore Estate's Team, who have provided me with guidance and educational language on this subject. Before we dive in, I would also like to highlight a winery that I recently visited, Kemmeter, located in the Finger Lakes area of New York. Their unique approach to winemaking, influenced by music, has brought a fresh perspective to the industry. But now, let's turn our attention to the important matter at hand - special needs trusts.Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom! If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.comOr visit us at www.rootedpg.com/podcasts for full show notes and links!Key TakeawaysHere's a brief summary of the episode for all you time-pressed listeners who want your information as crisp and light as a glass of Pinot Grigio:A Special Needs Trust helps a beneficiary inherit assets without jeopardizing their eligibility for government benefits.The trust allows clients to appoint a professional fiduciary to manage the funds.Assets in the trust never directly belong to the beneficiary.Tailor your Special Needs Trust to the specific needs and circumstances of each beneficiary.Unveiling the Special Needs TrustsIn this episode, we delve into what a Special Needs Trust is all about. This is a financial safety net designed to ensure that beneficiaries continue receiving needs-based government benefits, like Medicaid and Supplemental Security Income (SSI), even after they inherit assets. It's a supplement, not a replacement. Think of it like adding that perfect splash of creamer to your morning coffee – it doesn't replace the coffee, just enhances it.Maintaining Control with Special Needs TrustsOne of the unique aspects of a Special Needs Trust is that the assets never directly belong to the beneficiary. This means they can inherit assets and still maintain their benefits. Also, a Special Needs Trust allows me as a client to appoint a trusted individual or professional fiduciary to manage the funds for the beneficiary's benefit. It's all about preserving control and ensuring the beneficiary's financial safety.When Do You Need a Special Needs Trust?In this episode, I highlight various circumstances that might require a Special Needs Trust. From caring for a sibling who can't make independent financial decisions to securing a future for a child with a learning disability, the scenarios are as varied as the wine varietals in Napa Valley. However, it's crucial to remember that a Special Needs Trust isn't a one-size-fits-all solution. Always make sure to consult with a qualified attorney or legal counsel to tailor the trust to your specific needs.My Wine RecommendationNow, what would an episode of "Wine and Dime" be without a wine recommendation? This time, I'm suggesting a Riesling from Kemmeter in the Finger Lakes area of New York. It's a wine that harmonizes just right with our discussion on Special Needs Trusts, delivering both sweetness and depth. Here's to savoring every note!I hope you find this episode as enlightening as I found it enjoyable to create. And don't forget to rate us on iTunes and share your thoughts. Your feedback is the secret ingredient to making this podcast better and better. Until next time, here's

Hans and Robby are back again this week with a brand new episode! This week, Hans, Robby and Tom Griffin discuss special needs trust.  Don't forget to get your copy of “The Complete Cardinal Guide to Planning for and Living in Retirement” on Amazon or on CardinalGuide.com for free! You can contact Hans and Cardinal by emailing hans@cardinalguide.com or calling 919-535-8261. Learn more at CardinalGuide.com. Find us on YouTube: Cardinal Advisors.

Can you put a house into a special needs trust? If you have questions about this or anything else related to probate, and you want to talk with us, over the phone, for free, just go to https://cmslawfirm.com and set up a time to chat. #estateplanningattorney #probatelawyer #family #money #medicaid #estatetaxes #wealth #kids #taxes #realestate

If you or someone you care for has been diagnosed with a disability, you may be faced with many challenges. While this can be an overwhelming experience, there are various financial protections and other specialized tools available to aid you in your journey.First, we hear Bob's story. After his son experienced an accident resulting in a disability, Bob Dilaura transitioned into a passion-filled career as a financial planner. In this role, Bob helps families of individuals with special needs achieve their financial goals.Next, Mark speaks with Bob to discuss the various trusts, accounts, and other resources offered when a disability exists.Bob Dilaura is a senior financial planner at Schwab and is a Chartered Special Needs Consultant from the American College of Financial Services.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.If you enjoy the show, please leave us a rating or review on Apple Podcasts. Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.Schwab Wealth Advisory™ ("SWA") is a non-discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.(0723-3E2B)

If you or someone you care for has been diagnosed with a disability, you may be faced with many challenges. While this can be an overwhelming experience, there are various financial protections and other specialized tools available to aid you in your journey.First, we hear Bob's story. After his son experienced an accident resulting in a disability, Bob Dilaura transitioned into a passion-filled career as a financial planner. In this role, Bob helps families of individuals with special needs achieve their financial goals.Next, Mark speaks with Bob to discuss the various trusts, accounts, and other resources offered when a disability exists.Bob Dilaura is a senior financial planner at Schwab and is a Chartered Special Needs Consultant from the American College of Financial Services.Follow Financial Decoder for free on Apple Podcasts or wherever you listen.If you enjoy the show, please leave us a rating or review on Apple Podcasts. Important DisclosuresThe information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness, or reliability cannot be guaranteed.Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.All corporate names and market data shown above are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security.This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.Schwab Wealth Advisory™ ("SWA") is a non-discretionary investment advisory program sponsored by Charles Schwab & Co., Inc. ("Schwab"). Schwab Wealth Advisory, Inc. ("SWAI") is a Registered Investment Adviser and provides portfolio management for the SWA program. Schwab and SWAI are affiliates and are subsidiaries of The Charles Schwab Corporation.(0723-3E2B)

Host Brian Harte and Adam Eltarhoni speak again to Chris Hanks for the second part of this three-part episode dealing with Trust Accounts. We will discuss Revocable, Purpose, Funeral, Charitable, Special Needs, Spend Thirft, Medicaid Asset Protection, and Totten Trust accounts. Support the show

Is there an age limit for first-party special needs trust? -- I love comments. I make these videos specifically to help people with no expectations. Please take a second and say ‘Hi' in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button.

When it comes to thinking about the future for your child with Down syndrome, we know that even hearing the words “special needs trust” can be stressful! How do you even begin to save enough money? What will happen to your son or daughter if something happens to you? What is expected of their siblings? So much to unpack here. That's why we're thankful to have Phillip Clark on the show once again to walk us through his planning strategies that actually work! For your WHOLE family! As a brother to his sister with Down syndrome, Phillip remembers the stress of these tough conversations from a young age, and now he's determined to give families access to an abundant life for their loved one with Down syndrome. And today he's giving us the first steps and all his best tips! Plus we're chatting about the difference between an ABLE account and Special Needs Trust, the best time to start planning, and how Phillip has helped our own families plan for the future of our kiddos. Don't miss this one! And be sure to check out Enable Special Needs Planning to get started. You won't regret it! SHOW NOTES Listen to our first interview with Phillip Clark: 47. Planning for the Future w/Phillip Clark from Enable SNP Connect with Phillip and Enable SNP: Instagram Free Facebook Group enableSNP.com Learn more about ABLE Accounts Limited time offer for Podcast listeners only! The Lucky Few Co has new shirt designs just in time for the holidays! New Narrative Shifter designs for the whole family. Use code “podcast” to get 20% your entire purchase. Tap HERE to shop! LET'S CHAT Email hello@theluckyfewpodcast.com with your questions and Good News for future episodes. HELP US SHIFT THE NARRATIVE Interested in partnering with The Lucky Few Podcast as a sponsor? Email hello@theluckyfewpodcast.com for more information! --- Send in a voice message: https://anchor.fm/theluckyfewpod/message Support this podcast: https://anchor.fm/theluckyfewpod/support

Ep 074: Over the past few years, we've had several clients that have kids with special needs. They've been taking care of them over their lifetimes, and they wonder how they can continue to provide support for their adult children (or other family members) with special needs when they're physically unable to as they age, or after they pass away. Many of us may have heard about Special Needs Trusts but what should we know about them and some of the pros and cons of using them in these sorts of cases? That's what this episode is all about! Today's guest focuses her legal practice at Rudman Winchell on estate planning and probate litigation. She assists individuals and families with estate planning, wealth transfers, trust and estate administration, guardianship and conservatorship, and other probate matters. She is dedicated to developing creative plans and finding practical solutions to her client's legal issues, and she's here today to help us better understand Special Needs Trusts. Please welcome Kristy Hapworth to the Retirement Success in Maine Podcast! Chapters: Welcome, Kristy Hapworth! [2:32] What is a Special Needs Trust and how does one work? [9:55] What is the process to set up a Special Needs Trust? What are some good things to know when setting up a Special Needs Trust? [21:21] What are some ways that people may use a Special Needs Trust incorrectly? [41:19] What is Kristy's definition of a Successful Retirement? [48:20] Ben and Curtis conclude the episode. [50:44]

Do you know what a special needs trust is or why it is so important to have one?  In this episode I talk with Josh from Hope Trust.  He gives us all the answers to why you need this, when to set this up, and how Hope Trust can help you!  Are you ready to get down!

Host Annette Hines wraps up her series on legal planning and supporting the decision-making of your loved one with disabilities during Special Needs Awareness Month with a deep dive into special needs trusts.  Have you ever wondered: How does someone manage a special needs trust? How do you choose a trustee or appoint one in your planning documents? Who can serve as a trustee? What kinds of distributions can you make from a special needs trust? How do I work with a beneficiary who's disabled? Sharing from her extensive knowledge as a special needs attorney, Annette Hines gives an accessible overview of trusts and how they can be used to support your disabled person and operate in the real world. All of the videos for this series will be posted in our Special Needs Academy for purchase as well in our private Facebook group Circle of Care. We would love to know what you think of this episode! Leave a comment on our website: https://specialneedscompanies.com

When planning for the ongoing needs of a special needs child or relative, there's quite an array of considerations that have to be made — some foreseen, some not. It's about far more than just paperwork — no two families are alike regarding their financial situation, the vision they hold for the future of their special needs child, or even the unique care requirements of that child.  These families do, however, tend to share one common purpose: that the parents are doing their best to replace themselves in the future when they're no longer around. After all, despite our best efforts, none of us live forever. If this is a scenario that's in your future — or perhaps the future of someone you know — you probably already appreciate how easy it is to be overwhelmed by the process. And if there wasn't already enough complexity to deal with in terms of insurance, benefits, caregiving, education, etc., special needs care planning also carries an additional challenge you won't find when planning for the care of an elderly parent or relative — it can often be for the long term, as “special needs” isn't necessarily synonymous with a shorter life span. To bring special needs care planning into sharper focus, we are thrilled to be speaking with Ann Koerner, CEO, and Founder of National Care Advisors, in a new episode of Absolute Trust Talk. Since 2008, they've provided consulting services for special needs families, attorneys, financial planners, and trustees who support individuals with complex care needs. As a result of her work with many national corporations, Ann possesses extensive business knowledge of case management, utilization review, third-party payers, workers' compensation, private insurance companies, and government resources. In addition to her special needs expertise, Ann holds a degree in nursing from Russell Sage College. She began her nursing practice as a public health nurse in New York and later with the City of Columbus Health Department. Ann will be talking about the challenges that lie ahead for family members, including parents, siblings, and other relatives, when planning for the future of someone with special care needs. There's a lot to consider, from financial planning to living accommodations and day-to-day care. In this episode, we're going to discuss: The most common scenarios that prompt a family to seek specialized outside help with special needs care planning How parents' initial assumptions when planning are often unrealistic The role that siblings usually prefer to play in special needs care planning Why failing to seek qualified outside help to save money often has the opposite effect The various ways that National Care Advisors can help families navigate the Special Needs Care Planning process And more. Whether special needs care planning is in your future, or you're already mid-process and experiencing more than a bit of frustration, this episode will put this often-complex planning in a clearer light. It will also raise questions you probably haven't even considered, so let's get started!

Today on the Retirement Lifestyle Show, Roshan Loungani, Erik Olson, and Adrian Nicholson talk to Kenneth Piercey, a Trust attorney specializing in proper estate planning, estate tax elimination, asset protection, special needs planning, probate, and Medicaid. They talk about special needs planning, the benefits of setting up a third-party special needs trust, and how to avoid the scary possibility of guardianship. [01:24] Getting to Know Kenneth Piercy [04:33] Understanding Special Needs Planning [07:23] The Relative Risk of Divorce For Parents of Children With Special Needs [08:42] How Special Needs Planning Has Evolved Over the Past Decade [13:40] The Benefits of Working With a Special Needs Expert [18:00] The First Step When Setting Up a Special Needs Plan [20:27] How Often Should You Review a Special Needs Plan? [21:48] The Ever-Evolving Duty of a Trust Protector [24:37] The Biggest Mistake People Make with Special Needs Planning [27:00] Why You Need an Experienced Estate Planning Attorney [31:43] First-Party Versus Third-Party Special Needs Trusts [35:00] The Benefits of Setting Up a Third-Party Special Needs Trust [37:53] The Best Times to Get an Asset Manager [43:20] Ken's Advice to People Yet to Set Up a Special Needs Trust [45:40] Elder Law and Estate Planning [50:26] Avoiding the Scary Possibility of Guardianship [52:40] Parting Thoughts Roshan can be reached at roshan.loungani@aretewealth.com or at 202-536-4468. Erik can be reached at erik.olson@aretewealth.com or 815-940-4652. Adrian can be reached at adrian.nicholson@aretewealth.com or at 703-915-8905. Follow Us At: Website: https://retirementlifestyleshow.com/ https://www.retirewithroshan.com https://youtu.be/hKVzI87v0tA https://twitter.com/RoshanLoungani https://www.linkedin.com/in/roshanloungani/ https://www.facebook.com/retirewithroshan/ https://www.linkedin.com/in/financialerik/ https://www.linkedin.com/in/adrian-nicholson-74b82b13b/ #retirementlifestylepodcast #fire #podcast #FI #Retire #retirewithroshan #BAM #BusinessAsMission #ImpactInvesting All opinions expressed by podcast hosts and guests are solely their own. While based on information they believe is reliable, neither Arete Wealth nor its affiliates warrant its completeness or accuracy, nor do their opinions reflect the opinion of Arete Wealth. This podcast is for general informational purposes only and should not be regarded as specific advice or recommendations for any individual. Before making any decisions, consult a professional.

Through the Pines Financial Podcast - What you need to know about Estate Planning and Trusts Part 1 Show Notes: What is estate planning and why is it important? When should you get started?  Is Estate Planning only for the Rich? What documents are normally included in an estate plan? What is a Trust? What are POA (Immediate vs Springing) and Medical POA's? What are some examples of "Personal Property?" What are some of the common roles and responsibilities? What is Estate “Funding” and why is that important? What different kinds of trust are there? Revocable vs. Irrevocable, Family Trust, By-Pass Trust, Asset Protection Trust, Special Needs Trust, etc. TCRAT, GRAT, CRAT, CLAT... Advisor Contact: https://www.ameripriseadvisors.com/te... Like what you hear, support the program and buy us a beer: https://www.buymeacoffee.com/banyanmedia This episode includes financial advice from professionals. Visit www.planwithbaxter.com to the financial planners in this podcast. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

Through the Pines Financial Podcast - What you need to know about Estate Planning and Trusts Part 1   Show Notes: What is estate planning and why is it important? When should you get started?   Is Estate Planning only for the Rich? What documents are normally included in an estate plan? What is a Trust? What are POA (Immediate vs Springing) and Medical POA's? What are some examples of "Personal Property?" What are some of the common roles and responsibilities? What is Estate “Funding” and why is that important? What different kinds of trust are there? Revocable vs. Irrevocable, Family Trust, By-Pass Trust, Asset Protection Trust, Special Needs Trust, etc. TCRAT, GRAT, CRAT, CLAT...   Advisor Contact: https://www.ameripriseadvisors.com/te...   Like what you hear, support the program and buy us a beer: https://www.buymeacoffee.com/banyanmedia   This episode includes financial advice from professionals. Visit www.planwithbaxter.com to the financial planners in this podcast. The Banyan Collective & Host, R. Brandon Long are not the financial professionals - podcast pro's, maybe - money men, not so much.

Website: https://nestidd.com/home | Email: andrew.parker@nestidd.com Twitter: @_Nestidd I'm glad Andrew Parker agreed to this interview. I'm excited to share Nestidd's mission with you. They are a company focused on helping individuals with intellectual and/or developmental disabilities lease and maintain homes affordably. They got their start by helping organizations that provide Residential services. Many of these organizations were not equipped to be property managers. The Direct Support Professionals (DSPs) were trained to help individuals with disabilities. Costs associated with owning and maintaining the homes were seldom a consideration of donors. This means owning houses can hurt their budget. Nestidd buys the houses and leases them back to the agencies. This allows the agencies to focus on what they do well. Providing direct support to individuals with disabilities. It also means the homes will be well-maintained. Nestidd has dedicated teams around the country focused on repairs and maintenance. Nestidd will also serve as just the maintenance company for organizations that do not want to sell their properties. The model of buying a home and leasing it back to the original owner will work with families. It could give families more security. They would be able to put the money from the sale of the house into a Special Needs Trust for their child. They would know how much housing is going to cost for their child. The lease could be paid by an ABLE account. The Trust would not need to worry about repairs or maintenance. There would be no reason for concern about someone remembering to walk through the house at least once per year. Nestidd would have a vested interest in keeping the property in the best shape possible. Nestidd benefits in two ways. First, they do not need to worry about vacancies. This can be a HUGE expense for landlords. Not just the lack of rent, but also the cost of getting a new tenant. Second, the house will remain with Nestidd when the individual with the disability moves or dies. This increases the number of units available for Nestidd to rent over time. This could provide opportunities for families who cannot leave a house for their children. I encourage families who are thinking about leaving their home to their child(ren) to reach out to Andrew. Have a conversation. See if the Nestidd model makes sense for you. It's something I will be exploring with my clients. As Andrew says in the video, it's a "win-win". As an Amazon Associate, I earn commissions from qualifying purchases. For more information about True North Disability Planning you can find us here: Web: https://truenorthdisabilityplanning.com/ Blog - https://ejorgensenwordpresscom.wordpress.com Podcast (ABC's of Disability Planning) - https://anchor.fm/abcs-disability-planning Waypoints - https://waypoints.substack.com/ Facebook: @TrueNorthDisabilityPlanning Twitter: @NeedsNavigator Resource store (free downloads too) - https://www.teacherspayteachers.com/Store/True-North-Disability-Planning --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/abcs-disability-planning/message

This episode is next in the podcast series, #AskPattiBrennan - a series of episodes in which Patti answers one of her listener's frequently asked questions.  These podcasts are shorter in length and address one FAQ or RAQ (a rarely asked, but should be asked, question.)  In this episode, Patti addresses another important question asked by her clients.  “I have a child/grandchild with special needs, what resources are out there that can assist me in providing and maintaining a good quality of life for him/her?”  Patti identifies some great state and federal programs, as well as key estate planning opportunities that should be taken advantage of.  She also offers other solutions to questions regarding the adoption of children with special needs.   

Website: https://www.riverfg.com/Our-Founder-and-Firm.1.htm Email: leo@riverfg.com (preferred) Phone: 781-398-1351 Facebook: @RiverFG Leo Rotman is a Financial Advisor and Founder of River Financial Group, LLC. He's also a dad, he's walked the walk and understands firsthand the challenges we face as parents. His firm works exclusively with families and individuals who have disabilities. Before you determine how to fund a Trust you need to know what you need to pay for. Step 1 of planning is understanding what your objectives are. What do you want for your child? This is a moving target. Your goals will change as your child ages. Especially if your child gains independence. Leo shares a few ways you can fund a Special Needs Trust. You can put just about anything into a Special Needs Trust. He uses an analogy of putting gas into a car. Some assets, like cash, are very efficient and flexible, your "high octane gas". Others, like pre-tax retirement accounts, are much less efficient or "low octane". Pre-tax retirement accounts, like 401(k)s and Traditional IRAs, have required minimum distributions. This means the money HAS to come out at some point. When you are alive, they have to start by the time you turn 72 (2020). When you die there are different rules. It's important to understand these rules and take them into account when you plan. The money coming from these accounts will be taxed as income. All Trusts, not just Special Needs Trusts, pay taxes at the highest rate. In 2020 this was 37%. They reach this level at a much lower level than people do. In 2020 the threshold to reach the 37% tax bracket was $12,950 of income. Roth retirement accounts do not pay ANY income taxes. Brokerage accounts will pay capital gains tax on the gains. Life insurance death benefits are typically tax-free. They are also "perfectly timed with the need". Leo explains this means the insurance provides the death benefit when it's needed most. Leo very briefly touches on the different types of life insurance. This will be its own episode. Having life insurance can give you permission to spend your money (retirement accounts) on yourself. You know there will be money available when you die. I don't think I would've started my business if I didn't have the life insurance I have. It gives me the confidence I need to put the money I'm earning back into the business, rather than saving it for my son. I know my son will be provided for as long as I can pay the insurance premiums. The point of this discussion is to stress the importance of planning. I think it was Benjamin Franklin who said "if you fail to plan, you are planning to fail." This is still true, over 300 years later. As an Amazon Associate, I earn commissions from qualifying purchases. For more information about True North Disability Planning you can find us here: Web: https://truenorthdisabilityplanning.com/ Blog - https://ejorgensenwordpresscom.wordpress.com Podcast (ABC's of Disability Planning) - https://anchor.fm/abcs-disability-planning Waypoints - https://waypoints.substack.com/ Facebook: @TrueNorthDisabilityPlanning Twitter: @NeedsNavigator Resource store (free downloads too) - https://www.teacherspayteachers.com/Store/True-North-Disability-Planning --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/abcs-disability-planning/message

In this episode, hear from Elder-Law Attorney, Michelle Lapointe, as she discusses special needs trusts and her relationship with PLAN. She highlights how to set up a special needs trust, […] The post Establishing a Special Needs Trust – with Michelle LaPointe appeared first on PLAN of MA and RI.

In this episode, hear from Elder-Law Attorney, Michelle Lapointe, as she discusses special needs trusts and her relationship with PLAN. She highlights how to set up a special needs trust, the different types of special needs trusts, the importance of the POMS guidelines, and more. To learn more go to planofma-ri.org. The post Establishing a Special Needs Trust – with Michelle LaPointe appeared first on PLAN of MA and RI.

Welcome to Accessible Housing Matters!   In today's episode, I welcome attorney Stephen Dale.  Stephen and I discuss Special Needs Trusts and how they can be beneficial for people with disabilities.  Stephen's law firm has helped countless families achieve control over their lives and live more independently through legal options like special needs trusts.   As a long-time advocate in the disabled community, Stephen will walk us through how we can navigate these tools and find better solutions for our housing challenges. Listen to find out more about:   [00:01 - 07:01] Opening Segment   I welcome Stephen Dale to the show The Dale Law Firm Focusing on the quality of life What is a special needs trust? Third-party trust Self-settled trust   [07:02 - 21:16] The Special Needs Trust   Benefits of having special needs trust Trustees having the power to use the money The difference between revocable living trust and special needs trust The government couldn't take the money upon death How the special needs trust helped in housing accessibility Stephen shares some examples    [21:17 - 27:41]  The ABLE Act    Allows a person of disability to save their own funds without losing government benefits Belongs to the beneficiary, not the trustee  How these vehicles are not just for savings  Mode of distribution Stephen talks about the big issues for people on SSI around housing Stephen shares how many families they help with special needs trust   [27:42 - 29:59] Closing Segment   See links below to know more about Stephen Dale Final words Tweetable Quote/s: “The word ‘simple' and ‘disability' are two words that don't go together. The ABLE Act and the Special Needs Trust are neither good nor evil...they are just tools.” - Stephen Dale You can connect with Stephen Dale through YouTube, or you can visit www.DaleLawFirm.com and www.SpecialNeedsAlliance.org. Check out his videos about Special Needs Trust, Prop 19, and much more on www.AchievingIndependence.com.  To learn more, share feedback, or share guest ideas, please visit our website, or contact us on Facebook and Twitter.    Like what you've heard?  Please review us! That helps let other people know about the podcast.   Accessible Housing Matters is dedicated to raising awareness about important issues around accessibility and housing, and getting conversations going. I'd love to learn more about what's on your mind, and get your feedback about the show. Contact me directly at stephen@accessiblehousingmatters.com to share your thoughts or arrange a call.

When you die will your loved one have enough money and support to live a good life? Who will pay for those "extras" that make all the difference? If you are a person with a disability, do you wonder where you can put money that helps you save for important things but that won't impact your benefits? Many people with disabilities and their families struggle with these questions, and a Special Needs Trust may be the answer. In this episode John Shaw of WisPACT explains this unique tool and shares how with just a small amount of investment people can purchase peace of mind. Thank You to Old National Bank This podcast episode has been brought to you by Old National Bank - a Leading Disability Employer. Support the show (https://arcwi.org/donate/)

In this episode of Real Talk, KJK Student & Athlete Defense Attorneys Susan Stone and Kristina Supler are joined by KJK Estate Planning Partner Erika Apelis to discuss special needs trusts and how they can help parents with proper financial planning for their children with disabilities, including autism. 

Phone: (833) 467-3878 | Email: info@hopetrust.com Web: https://www.hopetrust.com/ Hope Trust has reinvented Trust management and oversight. They offer a white-glove service. They answer "who is going to help my child when I am gone". They have made the letter of intent simple to do. Their Hope Care Plan starts the same as most LOIs. However, it goes beyond what you will get in an LOI. There are over 6,000 questions in the Hope Care Plan. It's like the old "choose your own adventure" books. I really think it's amazing technology! Worth completing even if you don't have them serve as Trustee. A Hope Care Plan is a custom guide about knowing and caring for your loved one. Hope Trust gets info about medical, legal, social, and financial needs. This is used to build the Hope Care Plan. It covers the beneficiary's needs and your wishes. The Trustee will use these to provide for your child. They use your Hope Care Plan to create a Special Needs Trust rough draft. Hope Trust recommends taking this draft to a Special Needs attorney in your state to confirm it meets local requirements. They may also serve as Trustees for Special Needs Trusts they do not write. You can either have Hope Trust manage the Trust's money or use a Financial Advisor. If you have a good existing relationship, keep it. However, if you are not working with someone, or you're not happy, I think they offer a great solution. Full disclosure - I am not taking your situation, or any fees, into consideration. I strongly recommend you do your own research and comparisons. Want a free tool to compare Trust companies? I've built one, you can get it here: https://www.specialneedsnavigator.us/free-tools/how-to-pick-a-trustee As an Amazon Associate, I earn commissions from qualifying purchases. For more information about True North Disability Planning you can find us here: Web: https://truenorthdisabilityplanning.com/ Blog - https://ejorgensenwordpresscom.wordpress.com Podcast (ABC's of Disability Planning) - https://anchor.fm/abcs-disability-planning Waypoints - https://waypoints.substack.com/ Facebook: @TrueNorthDisabilityPlanning Twitter: @NeedsNavigator Resource store (free downloads too) - https://www.teacherspayteachers.com/Store/True-North-Disability-Planning --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/abcs-disability-planning/message

When a Dad wanted to save money for his daughter with a disability and realized things weren't fair, he set out to change the law. And thus the ABLE Act was born, giving people with disabilities the ability to save money without losing their Medicaid or Social Security eligibility. Today we talk to a Wisconsin Mom who has made it her life's work to answer your ABLE questions and take the confusion out of how to set up an account, while also helping you understand how ABLE can open up doors to a fantastic future! "As a Financial Advisor in Wisconsin who specializes in helping individuals with disabilities, and/or parents of those with special needs to plan, the ABLE Accounts have been a beneficial tool.   I have a personal connection to my professional specialty.  I have three girls, and my youngest Emily has Down syndrome.   I worked in the Financial Services industry for 10 years prior to her birth.  Although she was born in 2011, several years before the ABLE Accounts became available, I knew that I wanted to change the trajectory of my career as an Advisor to focus on families like mine. " - Kathleen Oberneder, ChSNC®More about Kathleen: https://www.crescendowm.com/team/kathleen-obernederReach Kathleen here: info@crescendowm.com The ABLE National Resource Center: https://www.ablenrc.org/ABLE Resources in Wisconsin: https://arcwi.org/2018/03/12/learn-need-know-opening-able-account-special-needs-trust-wisconsin/Kathleen's disclosure information: Securities offered through J.W. Cole Financial, Inc. (JWC) Member FINRA/SIPC..Advisory services offered through J.W. Cole Advisors, Inc. (JWCA). Crescendo Wealth Management, LLC and JWC/JWCA are unaffiliated entities. J.W. Cole Financial Representatives do not accept orders and /or instructions regarding your account by e-mail, voice mail, fax or any alternative method. For a copy of JWC's Form CRS please visit HERE. For a copy of JWC's Disclosure Supplement please visit HERE. By following the link, you consent to the receipt of the Form CRS electronically. For a copy of JWCA's Form CRS please visit Thank You to Old National Bank This podcast episode has been brought to you by Old National Bank - a Leading Disability Employer. Support the show (https://arcwi.org/donate/)