Special Needs Trust Fairness Act up for House Committee Hearing
Special Needs and other Medicaid issues will be on the discussion table this Friday September 18th at 9:00 am when the House Energy and Commerce Subcommittee on Health holds a hearing entitled Improving the Medicaid Program for Beneficiaries. The subcommittee will review and hear testimony on four pieces of legislation, including H.R. 670, the Special Needs Trust Fairness Act. The Special...
Be sure to fund your Special Needs Trust before age 65
“Special Needs Trusts” are a specific type of Trust which is referenced in the Social Security Act at 42 USC 1396p(d)(4)(a) (regarding Medicaid) and at 42 UC 1382b(c)(1)(C)(ii)(III) (regarding Supplemental Security Income . http://www.socialsecurity.gov/ssi/spotlights/spot-trusts.htm These are first-party trusts, also called grantor trusts. They are for the sole benefit of a person...