When Should a Special Needs Trust Be Updated?

Brought to you by Rudman Winchell from the Special Needs Council: By Daniel M. Surprenant, CELA Special needs trusts (SNTs) are financial instruments designed to enhance quality of life for individuals with disabilities by supplementing the government benefits available to them. Assets held in SNTs aren’t counted when determining an individual’s eligibility for means-tested public…

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World Elder Abuse Awareness Day

  World Elder Abuse Awareness Day is observed each year on June 15th to raise public awareness of elder abuse. World Elder Abuse Awareness Day was officially recognized by the United Nations General Assembly in December 2011, following a request by the International Network for the Prevention of Elder Abuse (INPEA). Elder abuse is any act…

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Dealing With Debt After Death

Families face a number of challenges when a loved one dies. The last thing a grieving family member needs is to be bombarded with calls from creditors trying to collect the debts of the deceased relative. It happens, nonetheless. Fortunately, the obligation of repayment generally does not extend to the deceased debtor’s family members. Instead,…

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Estate Planning and Elder Law: Tax Planning in 2018

On December 22, 2017, the President signed into law the Tax Cuts and Jobs Act. The changes to the Internal Revenue Code impact virtually every individual and business and are generally effective in 2018. Estate and Gift Tax The federal gift, estate, and generation-skipping tax credits will shelter gifts and estates up to $11.2 million…

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