Irrevocable Burial Accounts (IBA) are accounts set up for the sole purpose of providing funds for an individual’s funeral and burial expenses. Funds, below the maximum limit … which are deposited in the account, are not considered as assets in determining eligibility for SSI or Medical Assistance.
Benefits of Irrevocable Burial Accounts Read More »
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.
Supplemental Needs Payback Trusts Read More »
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.
Third Party Supplemental Needs Trusts: How Families Can Plan Ahead Read More »
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.
Supplemental Needs Pooled Trusts: What They Are Read More »
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
Repeat After Me: “SSI Is Not Social Security” Read More »
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.
Representative Payee Services: What You Need To Know Read More »