The Supplemental Security Income Restoration Act would raise payments to the federal poverty level and adjust income and asset constraints that are denying benefits to legions of people with disabilities and low-income senior citizens.
Articles
Filtering for: Estate Planning
Leaving an IRA to a Special Needs Trust Is No Longer Such a Bad Idea
An exception to the SECURE Act’s otherwise stringent rules about distributions from inherited IRAs potentially changes longstanding advice about leaving retirement funds to a special needs trust.
Kafkaesque Nightmare: Thousands of SSI Recipients Accused of Owning Property That Isn’t Theirs
Thousands of SSI recipients have been falsely accused to owning real estate because of the Social Security Administration’s reliance on a private database that is “riddled with errors,” according to a new report.
Strategies for Bridging SSDI’s Medicare Waiting Period
An added benefit to SSDI is health insurance coverage through Medicare. But there is a precarious two-year gap between receiving approval for disability benefits and becoming eligible for Medicare’s insurance coverage.
What Happens to Assets Left in a Special Needs Trust on the Death of the Beneficiary?
Terminating a special needs trust is not as simple as merely writing a check to the remainder beneficiaries and calling it a day. There are several key considerations and requirements to keep in mind.
What Taxes Are Due When the Beneficiary of a Special Needs Trust Dies?
Trusts are important vehicles in special needs planning. What happens, though, when the primary beneficiary of a special needs trust dies and there are assets left in the trust? How are taxes calculated and paid?