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Welcome to your one stop source for the latest updates in the Special Needs Community!

Number 1 Planning Tool for Parents

There is no question in my mind that the Number 1 planning tool for parents is the Supplemental Needs Trust. 

Parents can leave their assets in a protective way for their child with special needs while maximizing government benefits.

Unlike the First Party Special Needs Trust (sometimes referred to as a “Pay Back Trust”), there is no pay back to the government for Medicaid provided to your child.

Parents should not disinherit their child because he/she requires Medicaid or SSI.  The assets and income generated from those assets can be used for the benefit of your child to enhance your child’s quality of life without adversely affecting Medicaid or SSI.

 

We are available to advise you on Special Needs Planning to protect your loved ones.


"Here Comes the Sun" is the the Newsletter from Vincent J. Russo & Associates, 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!
Housing Options for Adults with Special Needs

Most people with special needs, including those with very severe special needs, live in some type of community setting.  Here are some of the most popular housing options for adults with special needs.

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Should I Disinherit a Child with Special Needs?

Leaving a child with special needs out of your estate plan is almost always the wrong way to help the child.

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House Passes Rule Change Making It Harder to Fund Social Security Disability Trust Fund

In one of its first acts of the new Congress, the Republican-controlled House of Representatives changed its rules to prevent lawmakers from shifting money from the Social Security retirement trust fund to the Social Security disability trust fund...

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College Savings for Students With Special Needs

When a child with special needs is setting aside money for college, a 529 Plan may not be the best option. Here are some things to think about when family members ask about the best way to provide funds for a child with special needs' college education

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