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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!

 

 

How Does a Pooled Trust Help Me?

Pooled Trusts allow individuals to protect eligibility for public financial assistance, such as Medicaid home care and SSI, while preserving their income and/or resources in trusts that can be used to pay for supplemental needs not covered by public assistance.

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As a Parent, Why Should I Have a Memorandum of Intent?

As we age, we are taught that it is important to have a will. Some of us even recognize the value of having a Durable Power of Attorney, Health Care Proxy, Living Will, and Living Trusts. However, there could be other important documents that would be beneficial to consider when creating an estate plan depending on your specific situation.

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Can Special Needs Trusts Reimburse Family Members for Travel Expenses?

Families of people with special needs often face unusually high travel expenses.  Family members may be able to be reimbursed for these expenses from a special needs trust, depending on the type of trust.

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Annual Contribution Limit for ABLE Accounts to Rise in 2018

The amount that can be deposited in an ABLE account each year without jeopardizing public benefits will rise from the current $14,000 to $15,000 starting in 2018. 

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How Does the SSA Calculate Cost of Living Increases?

Next year, recipients of SSDI, SSI or other Social Security programs will see a 2 percent raise in benefits, the largest increase in six years.  But how did the Social Security Administration (SSA)  arrive at this number?

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House Tax Plan Could Deal Blow to Families with High Medical Expenses

The tax plan put forward by the Republican-led House of Representatives would eliminate the medical expense deduction, potentially dealing a financial blow to those paying for costly care. 

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