100 Quentin Roosevelt Blvd. Suite 102 Garden City, NY 11530| 516-683-1717| http://www.vjrussolaw.com
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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!
Social Security and Supplemental Security Income (SSI) benefits are incredibly important for many senior citizens and individuals with special needs. It can be devastating if there is a disruption in these benefits of any kind.
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.
In guidance released to state Medicaid agencies, the Trump administration announced January 11 that it would allow states to experiment with creating work requirements.
Most special needs trusts give their trustee wide authority to respond to unforeseen circumstances. But for those concerned about placing some checks and balances on the trustee’s authority, one possible option is a care committee.
Although Supplemental Security Income (SSI) recipients are subject to rigid asset limits, the federal government has provided a few avenues for beneficiaries to earn extra income.
Under the new tax law, people whose student loan debt is discharged due to disability will no longer be taxed on the discharged income, potentially saving them tens of thousands of dollars.
100 Quentin Roosevelt Blvd. Suite 102 Garden City, NY 11530| 516-683-1717| 
