Navigating health care decisions can be a complex and sensitive task, especially when the individual involved is unable to express their preferences. In such situations, the role of a Substitute Health Care Decision Maker becomes crucial.
Substitute Health Care Decision Makers: What You Need To Know Read More »
Trust Matters Power of Attorney: Empowering Your Future through Legal Decision-Making by: Richard Howard Estate Planning, Health Care Agent (POA), Substitute Decision Making Shared Authority: Principal and Their Agent A Power of Attorney (POA) is a written document by which an individual (known as the Principal) designates another person, or persons (known as
Power of Attorney: Empowering Your Future through Legal Decision-Making Read More »
Supplemental Needs Pooled Trusts…permit assets which would otherwise disqualify an individual from receiving or becoming eligible for Supplemental Security Income (SSI), or Medical Assistance (MA, Medicaid) to be placed in a trust and not render the individual ineligible.
Jump Into the Pool for Christmas: Supplemental Needs Pooled Trust Read More »
A Third-Party Funded Supplemental Needs Trust permits someone to plan and financially provide for an individual with disabilities without affecting the individual’s eligibility for government benefits. These trusts are created and funded by a third party (the Settlor), – someone other than the individual with disabilities.
Ensuring Financial Security: Third-Party Supplemental Needs Trusts Read More »
An Irrevocable Education Trust is specifically designed to pay for education expenses. This type of trust typically requires that trust assets must be disbursed only towards the Beneficiary’s tuition and any expenses directly related to their education.
Irrevocable Education Trusts vs. 529 Plans Read More »