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Six Key Nutrients That Seniors Must Have for Better Health—Now More Than Ever!

April 22, 2020

Six Key Nutrients That Seniors Must Have for Better Health—Now More Than Ever!

Considering the challenge that the COVID-19 crisis has created, especially for seniors, now more than good nutrition is more important than ever before.  Getting to the grocery store is more difficult, even with set aside hours for the elderly. And with over-loaded, on-line, food-delivery services, meal-planning for seniors just got a whole lot more complex.

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ABLE Accounts – Tax Advantages for Those Living with Disabilities

April 15, 2020

ABLE Accounts – Tax Advantages for Those Living with Disabilities

The Achieving a Better Life (ABLE) Act of 2014 allows States to establish programs, for eligible individuals with disabilities, and enable them to participate in a tax advantaged savings program. This benefit does not impact the “government means test benefits,” as long as the account within the account is under the allowed maximum.

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Special Needs Trustees – Should They Always Encourage Beneficiaries to open ABLE Accounts

April 1, 2020

Special Needs Trustees – Should They Always Encourage Beneficiaries to open ABLE Accounts

In this blog post we examine who qualifies for an ABLE account, as they can be wonderful tools for the trustee. If the beneficiary of a Special Needs Trust becomes disabled prior to the age of 26, the trustee can fund an ABLE account, regardless of the  kind of special needs trust.

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Market Fluctuations and Special Needs Trusts

March 4, 2020

Market Fluctuations and Special Needs Trusts

The recent US stock market swings have been front and center in the news recently, as we witnessed The Dow Jones Industrial Average plunge more than 12% in a week. 

Special Needs Trust investments are subjected to these market swings, but ideally they are invested in a relatively conservative portfolio. When it comes to investing, special needs trusts are all about the “spend down” and how long the funds will last during the beneficiary’s life time. 

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ABLE Accounts Pay Shelter and Food through Special Needs Trusts

March 3, 2020

ABLE Accounts Pay Shelter and Food through Special Needs Trusts

Using ABLE accounts in conjunction with Special Needs Trusts are an excellent way to effectively increase income to SSI beneficiaries. As long as there is careful monitoring of the account, this is a wonderful tool for special needs trustees and should be part of the overall annual cost analysis. 

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