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"Here Comes the Sun"is the Newsletter from Russo Law Group, P.C. specifically for the Special Needs Community. For more information on any of the articles you read here, please do not hesitate to contact us!
Are you Certain you Have Maximized your Child's Disability Benefits?
I have met with many families who have children with special needs. One of the most important questions that we ask is, "Was your child declared disabled prior to the age of 22?"
Because access to Supplemental Security Income (SSI) depends on a beneficiary's income and resources, even small increases in income can cause a reduction or loss of SSI benefits.
If you are administering a first-party special needs trust, pay attention to who is benefiting from items purchased by the trust or you could cause problems with the beneficiary's government benefits.
Payment of trustees usually takes one of two forms -- either a flat fee based on a percentage of the trust's assets or an hourly rate -- and the method of compensation usually depends on who is serving as trustee.