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Posts Tagged ‘special needs trust’

Special Needs Trust Tax Returns

Special Needs Trust Tax Returns

Generically, it is required that a trustee file income taxes on any trust that they have; although is done separately from personal income tax. Special needs trusts are no different. As a trustee, it is important to know your duties when tax time comes, as well as how to file taxes properly. Taxes for First-Party…

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Self-Settled Special Needs Trust

Self-Settled Special Needs Trust

Self-Settled Special Needs Trust are useful when a disabled individual has enough assets that would put them over the threshold for Medicaid. Medicaid requires that the assets must be spent down to become eligible for Medicaid; there are a variety of ways of doing this legally, from paying down debt, funeral expenses, or asset purchases,…

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What To Do When Your Disabled Child Turns Eighteen

Special Needs Adult Children

Graduation. It is a rite of passage for nearly every child. For special needs children, it is still that rite of passage bringing a sense of accomplishment and pride to the child and to the family. It is also a time for new challenges for parents as preparation for their child’s life as an adult…

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Manage the Cost through Special Needs Trust

special needs trust

A special needs child born to parents in Arizona often will require many services that can cost millions to deliver over the child’s lifetime. Managing this extreme bill requires careful planning and structuring. It can be daunting but it is not insurmountable. What Parents of Special Needs Children Need to Know A tool that is…

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What Exactly Does a Special Needs Trust Do?

special needs trust

Having a child with a disability is a special source of concern for many, especially when faced with the dilemma of passing away and leaving no one to care for that child. Many people want to plan for their child’s financial future. However, this must be done carefully so as not to put into jeopardy…

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