Fiduciary Trusts - RCFS

Improving Lives, Protecting Futures: River Communities Fiduciary Services

RCFS — Thu, 08 Aug 2024 17:52:53 +0000

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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Supplemental Needs Payback Trusts

RCFS — Fri, 19 Apr 2024 19:28:43 +0000

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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Third Party Supplemental Needs Trusts: How Families Can Plan Ahead

RCFS — Fri, 19 Apr 2024 17:11:58 +0000

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: What They Are

RCFS — Fri, 19 Apr 2024 16:38:55 +0000

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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Repeat After Me: “SSI Is Not Social Security”

guest author — Tue, 13 Feb 2024 16:47:21 +0000

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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Representative Payee Services: What You Need To Know

Eric O'Connor — Wed, 07 Feb 2024 19:38:23 +0000

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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Medicaid Planning: Safeguarding Assets and Benefits

Eric O'Connor — Tue, 06 Feb 2024 20:00:47 +0000

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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Jump Into the Pool for Christmas: Supplemental Needs Pooled Trust

Richard Howard — Mon, 05 Feb 2024 19:00:25 +0000

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.

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Ensuring Financial Security: Third-Party Supplemental Needs Trusts

Richard Howard — Thu, 03 Aug 2023 19:45:40 +0000

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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Irrevocable Education Trusts vs. 529 Plans

Richard Howard — Fri, 28 Jul 2023 21:18:20 +0000

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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