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The Miller Minute

January 2020

Millers Financial Group
1801 Fruitville Pike, Suite 202

Lancaster, PA 17601

A publication by Millers Financial Group that informs parents of children with special needs on current financial and legal matters.  Feel free to pass these articles along to family, friends and colleagues.

What Happens to an ABLE Account If the Beneficiary Is No Longer Disabled?
If an ABLE account has been set up for a person with special needs, what happens to the account if the beneficiary no longer qualifies as “disabled” according to IRS regulations due to medical improvement or inaccurate diagnosis?
SSA Issues Controversial Proposal That Could Cut Hundreds of Thousands From Disability Rolls
Advocates are warning that a little-noticed proposed rule change could result in hundreds of thousands of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) recipients, many of them children, losing benefits.

Understanding the Differences Between a Living Trust and an Irrevocable Trust
You may be thinking about setting up a trust. Before you commit to a plan, make sure you understand the differences between the two basic types of trusts.
GAO Calls for Increased Oversight of Organizations That Handle Social Security Benefits for Nearly 1 Million
In a new report, the Government Accountability Office calls for better oversight of organizations that handle the Social Security benefits of recipients who cannot manage their own benefits and lack a family member or friend to do so.


Mike Miller is the founder of Millers Financial Group.  He is also the parent of a child with a disability.  It is through his own personal journey that he discovered the distinct challenges that parents face when trying to plan for their financial future.

Mike has earned the designation of Chartered Special Needs Consultant® and can provide guidance to parents on a broad range of financial topics including special needs trusts; wills; power-of-attorney; guardianship; Social Security and Medicaid, and more. 

For many of the firm's clients, their greatest concern is preserving the quality of life of a loved one with a disability who may outlive the caregivers’ ability to provide support. Mike walks with them through a decision-making process about their child’s future - such as housing, guardianship, government benefits, special needs trusts, and funding the potential cost of lifetime care.

Mike is a regular speaker and supporter at organizations and schools that support parents of children with disabilities.  

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Investment advisory services offered through Millers Financial Group, LLC. Securities offered through Fortune Financial Services, Inc. Member FINRA/SIPC. Millers Financial Group, LLC, Fortune Financial Services, Inc., and Horizon Investments, LLC. are separate entities.