Broker Check

Special Needs Newsletter

November 2020

Courtesy of
Michael Beloff, CFP®, ChSNC®

A Trust Protector Can Look Out for a Beneficiary's Interests

After the donor of a special needs trust is no longer around to keep an eye on the trustee, a trust protector can ensure that a beneficiary is shielded from trustee mismanagement.


IRS Issues Final Regulations for ABLE Accounts

The IRS has issued final regulations covering tax-free savings accounts that allow people with disabilities to pay for disability-related expenses without jeopardizing government benefits.


Social Security Disability Benefits to Rise by Only 1.3 Percent in 2021

Social Security disability recipients will see an increase in benefit levels for 2021, although the rise will be the smallest in years, due to the economic downturn caused by the COVID-19 pandemic.


Government Agency Calls for End to Program Allowing Subminimum Wages for People with Disabilities

A federal agency has called on the government to end a program that explicitly permits employers to pay hundreds of thousands of people with disabilities less than $1 an hour.