Courtesy ofBelvedere Wealth Partners
Funds held in a properly drafted special needs trust will not affect a SSI or Medicaid recipient's benefits. However, funds disbursed in a manner that violates SSI or Medicaid rules can impact these benefits.
In January 2023, the U.S. Department of Housing and Urban Development announced it would award nearly $25 million to help fund housing for people with disabilities.
The Food and Drug Administration overstepped its authority in banning electric shock devices to curb self-harm and aggressive behavior among students with disabilities, a federal court has ruled.
A newly proposed rule by the Social Security Administration could ultimately change the way "in-kind income" is defined for recipients of Supplemental Security Income (SSI).
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.