When you hear the word trust fund, you might think of wealthy kids a big chunk of cash on their 25th birthday. However, trust funds aren’t just for the rich. They are flexible tools to protect your loved ones.
Both the state and federal government, administered through the Social Security Administration (SSA) and Medicaid, provide disabled individuals with a variety of life enhancing, and sometimes life sustaining, public benefits.
Lawmakers in the U.S. House of Representatives are looking to significantly increase that ceiling, with a bill introduced this month that would raise SSI’s asset limit to $10,000 for an individual and $20,000 for couples.