You may have a vision for your retirement, but does your spouse share that vision? Spouses often disagree about many key retirement details. It is important to work together to come up with a plan you both can accept. Many husbands and wives are not in accord about...
Many jurisdictions and individual businesses are requiring store customers to wear face masks to prevent the spread of the COVID-19 coronavirus. A legal theory is circulating on social media, and in recently filed lawsuits, that people are protected by the Americans...
As more and more people marry more than once, prenuptial agreements have become an important estate planning tool. Without a prenuptial agreement, your new spouse may be able to invalidate your existing estate plan. Such agreements are especially helpful if you have...
In his pre-session presentation at the 2020 ASNP Annual Meeting, “Special Needs Planning Integration with Veterans Benefits,” Doylestown, Pennsylvania ASNP member Richard L. Newman provided an overview of VA health care and disability benefits, and concluded with a...
Written By: Lelia Wardwell Mander Trusts are important vehicles in special needs planning. They not only set aside funds to pay for the care of the person with special needs while maintaining eligibility for programs like Medicaid, but they provide ways to preserve...
Shopping online has become a literal lifeline during the COVID-19 pandemic for many at-risk individuals. But for millions of people on the Supplemental Nutrition Assistance Program (SNAP) who are currently unable to enter grocery stores, online shopping is not an...
Not everyone will get the relief payment the federal government is sending to help Americans through the economic hard times triggered by the coronavirus pandemic. Among those left out are seniors and adults with special needs who are claimed as dependents. The...
Speaking at the 2020 ASNP Annual Meeting, ASNP member Melanie Marmion discussed how the SECURE Act’s new rules regarding retirement accounts are “a game changer” for special needs planning. In her presentation, “SECURE Act and Special Needs Planning: The Latest...
Retirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year. Federal law requires individuals who were age 70 1/2 before the end of 2019 to...
The COVID-19 pandemic has sent unemployment to its highest levels since the Great Depression, and older workers have been particularly hard hit, with one in five over age 55 now out of work, according to one estimate. Many people continue to work beyond retirement...
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