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Viewing posts categorised under: Special Needs Trusts

Part 7: The ABLE Act – New Developments in Planning for those with Special Needs

Posted by Mary R. LaSota, Esquire in Estate Plan, Special Needs Trusts | 1 comments

21.06.16

(A weekly series of blog posts that discuss trusts designed to benefit those individuals that are physically, mentally or developmentally incapacitated.) In 2014, President Obama signed into law, TheAchieving a Better Life Experience (ABLE) Act, which allows the creation of tax-free savings accounts for indiviudals with disabilities.  This federal law empowers the states to establish and maintain their own type of ABLE account program.  

The Basics: Special Needs Trusts

Posted by Mary R. LaSota, Esquire in Estate Plan, Special Needs Trusts | 1 comments

13.06.16

(Part One in a series of blogs covering special needs trusts) When most individuals think of estate planning, they typically think about creating a Will that stipulates how their property and monies are to be allocated after their death.  Estate planning is actually a complex legal process, and writing a Will is just a small part of it.  

A Series: Special Needs Trusts

Posted by Mary R. LaSota, Esquire in Estate Plan, Special Needs Trusts | 0 comments

12.06.16

This will be a weekly series of blog posts that discuss trusts designed to benefit those individuals that are physically, mentally or developmentally incapacitated.  The goal of this series is to educate the public and provide a resource for those with family members with special needs.  The series of posts will cover the following topics: