In the arena of professional fiduciary services companies, River Community Fiduciary Services, Inc. (RCFS) has carved a niche for themselves by providing top-tier fiduciary services that cater to a diverse clientele, ensuring that their financial and personal affairs are managed with the utmost dignity, and integrity.
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A Payback or Special Needs Trust permits assets to be legally sheltered so that an individual with disabilities receiving government benefits is not rendered ineligible.
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The Third Party Funded Supplemental Needs Trust permits a family to plan and financially provide for an individual with disabilities without affecting the individual’s eligibility for government benefits. This type of a trust is a very effective tool, but it requires very careful advance planning.
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Supplemental Needs Pooled Trusts … permit assets, which would otherwise disqualify an individual from receiving SSI (Supplemental Security Income), or Medical Assistance (some states use MA, Medicaid, or have other names for this benefit), to be placed in a trust account and not render the individual ineligible.
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Trust Matters Repeat After Me: “SSI Is Not Social Security” Special Needs Trust, Supplemental Security Income (SSI) SSI vs. Social Security If I had a million dollars, I’d buy commercial time at the upcoming Super Bowl and run an ad that would say, in big bold letters, “SSI is not Social Security.” I
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A representative payee is a person or entity appointed by Social Security or another government benefit provider to manage the associated benefit payments for someone unable to do so on their own — for example, a minor child, a severely disabled person or a retiree suffering from advanced dementia.
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Trust Matters Medicaid Planning: Safeguarding Assets and Benefits Financial Planning, Long Term Care, Medicaid, Medical Assistance Planning to protect assets and benefits Medicaid Planning enables the movement of countable, unprotected assets into non-countable, protected positions to legally shift the burden for the cost of an individual’s care onto the government. Additionally, Medicaid Planning
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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.
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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.
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