The Special Needs Trust (also known as Supplemental Needs Trust) is created to transfer property or money to a person who has a serious disability. This trust is used to wisely manage the money for the person with disability. The trust allows a person with disability for maintaining the eligibility for the government benefits, primarily Supplemental Security Income (SSI) and Medicaid.
Guidelines
The guidelines of Special Needs Trust are complicated and dependent on various factors:
Age of Disabled Person: If...
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Blog
02 Jan
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Situations in Which You Need to Seek Financial Advisor Services
There are certain moments in life when you need to make decisions that can have a huge impact on your finances. While some of us are better than others when it comes to managing our money, everyone at some time needs financial advice from a trusted professional. I can help you make a proper decision depending on your financial goals and circumstances.
There are many situations in which you need to seek Financial Advice; a few of them are as...
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26 Dec
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Preserve Your Wealth with Estate Planning Services
Estate planning is one of the most important legal services and is a fundamental tool that ensures your entire family will be well taken care of after your passing. People assume that estate planning is meant only for the wealthy. In reality, it is the concern of everyone.
We all want our finances to remain in order and proper care given to our loved ones. Together, you and I can develop a valuable estate plan to assure your goals are...
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18 Dec
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How An Attorney Versed In Veterans Benefits Can Help You Cover The Cost Of Care
The type of Veterans Benefits that you are eligible for varies on many different factors, including your service record, existing income status, current health status, and programs where you live. Being an Attorney versed in Veterans Benefits, I can provide you with a comprehensive assessment of your situation, explain the different benefits, and complete the process to gain access to those benefits you are entitled to.
Aide & Attendance Pension
As Veterans age and reach retirement, many receive a military pension,...
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15 Dec
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Why and how to organize your financial and legal affairs
Why Organize Your Affairs
It’s not easy to think about what might happen if you become unable to handle your own affairs. But illness and infirmity are as unpredictable as they are inevitable. It’s impossible to know when they will strike you or what form they may take.
Acknowledging your mortality is even more difficult. Even those you might reasonably expect to know better are not exempt from the tendency to avoid end-of-life decisions.
May people have inventories in their heads about...
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11 Dec
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Probate
Probate is the legal process through which a person's assets are transferred after their death. The procedure is supervised by a court of law and designed to protect anyone with a legal interest in the deceased person's estate. Probate is used to distribute a decedent's assets not only to beneficiaries, but also to creditors and taxing authorities.
The estate lawyers of Elder Law Center of Wisconsin are versed in all areas of probate, wills, estate planning, and trusts and can...
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05 Dec
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Want To Update Your Will? We Can Help You!
Once a Will is written, signed, notarized, and witnessed, it is termed legal as long as it meets the State law requirements. In order to change a Will completely, you must either create a new one or a Codicil. However, you cannot modify it by merely crossing out something or including anything new.
Reasons for Making Will Updates
Some of the few reasons to update your Will are:
Marriage: You want to include your new spouse in your estate plan.
Divorce:...
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30 Nov
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Nursing Home Abuse
It is troublesome, for a significant number of us, to hand over our parents and grandparents to others. Among work and raising your children, it is difficult to maintain a balance of everyone’s needs. Further, a large number of us don’t have the required space. When we entrust a long-term care facility with the well-being and prosperity of our loved ones, we expect proper care. Nursing home abuse is appallingly common and may appear as emotional, physical and/or financial...
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24 Nov
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Is Your Social Security Income Taxable?
Is your social security income taxable? Only a tax professional can give a good answer to this question. Being a tax professional, the answer to the above question is ‘maybe’, because the taxation of your social security income is entirely dependent on how much additional income you receive from other sources such as income from part-time work, self-employment income, income from pension and distributions from retirement accounts. Therefore, your social security benefits may be tax free or partially taxed.
Social...
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21 Nov
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When Do You Need An Estate Planning Attorney?
There is a good chance that you will require a proficient estate planning attorney at some point in your life. The problem could be recognizing when you have the need for an estate planning attorney because, like most people, you may not be familiar with the different types of legal matters we handle. Though it would be impossible to list every scenario in which you might need us, it is beneficial for you to read some common scenarios. Let’s...
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