ABLE Account for a Special Needs Beneficiary?
If you have a child or grandchild with disabilities, one of your biggest worries is what will happen when you are no longer around to provide aid.
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Downs Law Firm, P.C.
Home • Supplemental Security Income
If you have a child or grandchild with disabilities, one of your biggest worries is what will happen when you are no longer around to provide aid.
Trusts give parents of special-needs children additional options for extending care and financial assistance. However, you might need some expert help.
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.
Anyone with a child with special needs understands the need to prepare for the future. A trust is always a good place to start, and figuring out a savings goal for that trust is a key part to your planning.
New rules let some individuals put away more money in these plans, while still preserving their benefits.