A special needs trust can be an amazing lifeline for someone with special needs. It’s a way to provide them with additional assets and support without affecting their local, state or government benefits. Since many people with special needs outlive their parents or...
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Principled Advocacy For Families And Individuals With Disabilities And The Professionals Who Serve Them
Estate Planning
How much can you give family members tax-free this year?
Those with more assets than they need for retirement may start worrying about the financial implications of their property. When someone with substantial personal property dies, their executor and beneficiaries may need to pay estate or inheritance taxes. Having a lot...
June is Alzheimer’s and Brain Awareness Month
June is Alzheimer’s and Brain Awareness Month, and as such, now is a good time to talk about estate planning and how a degenerative neurological condition could affect you or someone you love in the future. Alzheimer’s disease, as well as other dementias, are serious...
Who should you pick as your charitable trust benefactors?
As someone who is disabled or who cares for a disabled loved one, you know how important it is to take steps to ensure continued eligibility for Medicaid and other government benefits. One way in which you may be able to put any assets that you have aside is by...
What is the top estate tax rate in Illinois?
Estate taxes can have a profound negative impact on what you can leave behind for the people you love after your death. In Illinois, those with substantial assets are subject to not just federal estate taxes but also Illinois state estate taxes. In fact, more people...
Helping adults with Down syndrome to live independently
If you have an adult child with Down syndrome, you will want to make sure that they have all of the support and care that they need for the rest of their lives, even when you are no longer here to look after them. While this can be a difficult thing to address, it can...
Should you choose multiple guardians for your child with special needs?
Picking a guardian for a child with special needs gives you some peace of mind. You know that you will likely outlive your child, but your child will still need some level of assistance after you are gone. The guardian you chose will be there to provide that...
Who should you choose as your estate’s executor?
You’re young, but you’re often away on business and in situations where there’s a potential for plane crashes, car crashes and travel-related illnesses. You know that something could go wrong, and you want to have someone there to take care of your estate if you pass...
Why do you need a power of attorney for your parent?
You know that your parent lives a complicated life. Maybe they’re alone after a divorce or the death of your other parent, and they have a lot of things they need to handle on their own. How do you know if a power of attorney would be beneficial? Remember, a power of...
Can you remove a trustee from their role?
There are a variety of reasons why individuals set up trusts. Many use them as an asset protection tool to avoid the probate process or minimize their tax obligations. Countless others do so to preserve their loved one's eligibility for government benefits such as...
