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Courts Add Criteria for Supplemental Needs Trusts
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A number of courts have
fashioned criteria not found in the statutes 1 for Supplemental
Needs Trusts (SNT's) where court approval is required or sought.
Court approval may be required or sought for establishing an SNT in
a number of circumstances. It usually arises where a compromise
order is required for an infant or incompetent,2 but may also be
necessary where an individual takes advantage of the section of the
law which allows a guardian or a court to establish an SNT. 3 In the
case of a guardian, he or she may seek the approval of the court.
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Disability Insurance
- Disability Insurance
Quotes
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Division of Estate Planning for Special Kids
- MetDESK®,
MetLife's Division of
Estate Planning for
Special
Kids helps you to take
steps to provide lifetime quality care that your child or dependant
with special needs requires.
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The Do's and Don'ts of Planning for your Grandchild with Special
Needs.
Grandparents
want the best for their children and grandchildren. They often give
gifts while alive, or make provisions for after their death.
Grandparents who are in a position to leave money to grandchildren
often want to do something for their grandchild with special needs.
They often worry about a grandchild with a disability, who may need
additional assets or assistance to enjoy a good quality of life.
Grandparents are sometimes told not to leave their grandchild with
special needs anything because the child may lose government
benefits. People are often confused as to what to do or not do.
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Family Village Estate Planning & Special Needs Trusts
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Financial Planning: four part series
- The purpose of this four-part series is to give families the
knowledge and the tools they need to plan for the future of a child
with a disability. This information can assist you regardless of
your child’s age or disability.
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Hallex - The
Hearings, Appeals and Litigation Law Manual, from the Office of
Hearings and Appeals (OHA) of the Social Security Administration,
conveys guiding principles, procedural guidance and information to
OHA staff. Hallex includes policy statements resulting from an
Appeals Council en banc meeting under the authority of the Appeals
Council Chair. Hallex also defines procedures for carrying out
policy and provides guidance for processing and adjudicating claims
at the Hearing, Appeals Council and Civil Action levels.
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Health
Insurance Association of America
- Welcome to America’s
Health Insurance Plans (AHIP), the voice of America's health
insurers. AHIP is the national association representing nearly
1,300 member companies providing health insurance coverage to more
than 200 million Americans. Our member companies offer medical
expense insurance, long-term care insurance, disability income
insurance, dental insurance, supplemental insurance, stop-loss
insurance and reinsurance to consumers, employers, and public
purchasers.
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How to provide for your child with a disability
- Raising kids with disabilities can be financially challenging,
says the writer, a financial planner and parent. Fortunately,
there's government help available.
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Life Advice Library - Special Needs Trusts
- MetDESK®,
MetLife's Division of
Estate Planning for
Special
Kids helps you to take
steps to provide lifetime quality care that your child or dependant
with special needs requires.
-
Life
and Health Insurance Education Foundation
- a non-profit organization
dedicated to addressing the public's growing need for information
and education about life, health, disability and long-term care
insurance. LIFE also seeks to remind people of the important role
agents perform in helping families, businesses, and individuals find
the insurance products that best fit their needs.
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Mental
health parity laws by state
- The Mental Health Parity Act of 1996 mandates that employers that
employ more than 50 workers and offer group health insurance must
also offer coverage for mental illness equal to the lifetime and
annual caps set for physical ailments. The law is a first step in
eliminating discrimination against the mentally ill. But the law,
which took effect Jan. 1, 1998, isn't the final answer to the
problem of unequal coverage, mostly because of its many loopholes.
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NICHCY
Estate Planning The Special Needs Trust
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Imagine for a moment that one
evening, on your way home from a movie or a dinner party, you and
your spouse pass away in an automobile accident. While you were
always planning to write a will, you never actually got around to
it, so your modest estate, including some life insurance, is
distributed by the laws of your state. You have two sons, one with a
disability and one without. Each of your sons inherits $100,000.
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Overview of State Parity Laws
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Providing
for a Lifetime of Needs: Supplemental Needs Trust Funds
- Parents planning
for the disposition of their assets in the event of their death
normally face similar concerns; to whom should I leave funds and in
what proportion? Who should be the guardian of my minor children?
should I make specific gifts of itemized possessions to individual
family members? When planning for a disabled adult child, the
concerns are expanded. Parents wish to provide for the economic
security of their child but also want the government to provide the
benefits to which their child is entitled
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Social Security Disability Benefits Law, Information & Resources
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Social
Security Disability Secrets
- The purpose of this site is to
distribute information that, typically, is impossible to get from
the person taking your claim for SSDI and SSI benefits. In
essence, applying for disability and SSI benefits might as
well be a secret process since Social Security does not try to make
this information clear or even understandable.
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The
Special Needs Trust: Why?
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There's been a lot of publicity
about how Living Trusts are a great financial benefit to families by
saving probate fees and estate taxes. While actual savings vary
depending upon the size of one's estate, savings of 100-300 thousand
dollars are typical, with greater savings available to larger
estates. Property transfers are significantly easier, generally
taking a couple of weeks rather than years to complete. However,
when a family member is disabled, Special Needs provisions must be
drafted into the trust, both to protect that person from
unscrupulous individuals, and to provide the best possible care with
the resources available without jeopardizing government benefits.
Resources available to a disabled individual may include eligibility
for government benefits such as SSI and Medical/Medicaid.
