If you have a child with special needs, a trust may be a financial priority. There are many crucial goods and services that Medicaid and Supplemental Security Income might not pay for, and a special needs trust may be used to address those financial challenges. Most importantly, a special needs trust may help provide for your disabled child, in case you’re no longer able to care for them.
Medicaid planning often hits a roadblock when clients give gifts to family members. Grandparents often are particularly generous to grandchildren as they see their familyâ€™s
Medicaid law imposes a penalty period if you transferred assets within five years of applying for Medicaid qualification, but what if the transfers had nothing
No matter what line of work you are in, estate planning has facets that apply to everyone, and it comes down to documenting wishes and avoiding probate and unnecessary taxes. Too many people put it off, but, in general, the sooner you do it, the better.