New Social Security policy creates confusion over Special Needs Trusts
The Social Security Administration has published a new policy requirement concerning Special Needs Trusts in the form of a provision in its POMS . The new POMS states that attorney fees charged for preparation of certain trusts for individuals who are now receiving, or may in the future receive SSI, must be approved by the Social Security Administration (SSA).
POMS Link:...
The NEW New Jersey Uniform Trust Code arrives July 17th
New Jersey has adopted a new Uniform Trust Code which you’ll find at N.J.S.A. 3B:31-1 et seq. (Public law 2015, chapter 276). It was signed into law on January 19, 2016 and will take effect on July 17, 2016. The law has wide-reaching implications. It applies to existing trusts as well as trusts that come into existence after the effective date. If you are the trustee of a trust, or a...