Broker Check

Special Needs Newsletter

June 2021

Courtesy of
Michael Beloff, CFP®, ChSNC®


Charge Against Mother Highlights Value of Adding an Extra Layer of Protection to a Special Needs Trust

A recent felony charge against the mother of a special needs child in Minnesota offers a good reason why professional oversight of a special needs trust may be a good idea.

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'Like a Dickens Novel': States Are Grabbing Foster Children’s Social Security Benefits

At least 36 states and the District of Columbia are diverting federal benefits like Supplemental Security Income (SSI) or Social Security survivors’ benefits owed to children in foster care.

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Bill Would Allow All Military Retirees to Name Special Needs Trusts as Beneficiaries of Pension Plans

A bipartisan bill fixes a flaw in earlier legislation and would finally allow any veteran to allocate pension payments to a trust for their survivors with special needs.

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COVID-19 Relief Bill Makes ACA Even More Affordable, If Only Temporarily

The American Rescue Plan, signed into law by President Biden, makes health coverage bought through the Affordable Care Act (ACA) vastly more affordable for millions of Americans, at least for two years.

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