The start of a new year is a perfect time to do a quick review of your Estate and Special Needs Plans. You should review your Estate Plan, Special Needs Plan, and Asset Inventory each year to catch any details that are no longer accurate. Our annual checklists will help you to quickly identify areas that require your attention.
If you'd like to schedule a time to come in to review your plans in person, pleasecontact us. We would love to see you again!
Qualifying people with disabilities can accumulate savings in a tax-free ABLE account without risking their means-tested public benefits. In 2024, the annual limit on how much money one can deposit into these accounts will rise to $18,000 per year.
Choosing the right person to serve as trustee of a special needs trust is one of the most important and difficult issues in creating the trust. Here are five considerations to help in the choice of who should serve.
For seniors and people with disabilities across the U.S. who have limited income, the COVID-19 pandemic also had a particularly devastating impact on their public benefits. Thanks to a recent landmark settlement following a class action lawsuit, these individuals may now begin to find some level of relief.
Gift cards are popular gifts, but they can cause problems for recipients who receive Supplemental Security Income (SSI). Consider a few things when it comes to purchasing a gift card for a person with special needs who relies on this public benefit.
"We are so glad we found Clancy & Associates Ltd to help us with our estate planning. Katie took the time to understand our situation and put together an estate plan. Katie explained that with proper planning, a special needs trust can help provide a pathway for helping our special needs son in a variety of ways. Katie and her team were very caring, attentive, informative and very thorough. I believe Katie and her team will be a valuable resource down the road for our family well beyond just the estate planning aspects. Highly recommend Clancy & Associates Ltd.!" -C.M.
