The ABLE Act is something to consider. Here's some info:
By Justin King For many Americans living with disabilities, it has been a good week: now that the Senate passed the Achieving a Better Life Experience (ABLE) Act this week (following the House's passage in early December) it is now on its way to the President to be signed into law. The ABLE Act creates tax-advantaged savings accounts for use by individuals with disabilities. Critically, savings in ABLE accounts won't disqualify those individuals from receiving public assistance. While the bill is a win for many individuals with disabilities and their families, there are millions of others who are left out and need additional measures to pursue the same goals — financial security and upward economic mobility. Read more: http://www.vox.com/2014/12/19/7418291/able-act Don. ________________________________ From: Jim Lubin <[email protected]> To: shirley bell <[email protected]> Cc: [email protected] Sent: Tuesday, December 30, 2014 3:53 PM Subject: Re: [QUAD-L] Trusts http://www.medicaid.gov/medicaid-chip-program-information/by-topics/eligibility/eligibility.html https://www.healthcare.gov/do-i-qualify-for-medicaid/ You might want to contact a lawyer about setting up a Special Needs Trust http://en.wikipedia.org/wiki/Special_needs_trust On Mon, Dec 29, 2014 at 2:24 PM, shirley bell <[email protected]> wrote: >Hi all, happy almost new year! There was someone on the list who had recently done a trust ( I forgot the person?) can that person tell me what that entailed? Are there any trusts that have less than the 5 YEAR look back policy. thanks, Shirley >
