Broker Check

Special Needs Newsletter

February 2023

Courtesy of
Belvedere Wealth Partners

Special Needs Trust Tax Trap Fixed! Or Why It Is Now Safe to Name a Charity a Remainder Beneficiary of a Special Needs Trust

Families who had previously sought to establish an special needs trust for a disabled loved one could not effectively designate a charitable organization as a remainder beneficiary. Thanks to legislation passed in late 2022, this is no longer the case.


Should an SSI Recipient Refuse an Inheritance? 

When an SSI beneficiary finds out that they will receive an inheritance, their first reaction may be to refuse it. But this refusal, also known as a "disclaimer," might worsen things for the beneficiary.


Legal Guardianship of an Adult: Rights and Responsibilities

Once a person becomes a guardian, they should be aware of their responsibilities. Since the ward loses significant rights, guardians must promote their autonomy to the fullest possible extent.


Is An Intermediate Care Facility Right For Your Loved One?

For adults with intellectual and developmental disabilities (IDD), intermediate care facilities may be appropriate in some situations, particularly when in-home care is not feasible.


This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.