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The Appeals Court of Massachusetts holds that gifts to a wife from her mother are subject to equitable division in a divorce because the couple relied on the gifts to support their lifestyle and inform their financial planning decisions. In...READ MORE
A roundup of elder law news and practice development articles culled from news sources across the nation during the weeks of September 19, 2023, to September 25, 2023.READ MORE
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FROM THE KNOWLEDGE BANK
The Social Security Administration (SSA) has published its long-awaited updates to the POMS for special needs trusts (SNT). The revisions are found in four separate instructions, SI 01120 TN 51-54, and are titled “Identifying Resources.” They generally cover determinations of resource status for SNTs, exceptions to counting trusts, and procedures regarding the review of pooled trusts for purposes of SSI. The revised SNT POMS also clarify some policies that were found to be ambiguous or confusing in the past.
Anticipated changes to the POMS were covered in detail by former SSA team leader Kenneth Brown at the 2018 ASNP Annual Meeting in April. We are preparing an updated analysis of the final POMS as published.
To see the newly released SNT POMS, click here.
To see our write up on Ken Brown’s presentation, click here.