Resources
We’ve Put Together a
Library of Information
Below you’ll find a selection of informational blog posts about related financial concepts and strategies. This information is updated regularly to reflect the latest facts, figures, legislation, and economic trends.
Search
Categories
Archieves
Is a Personal Injury Settlement Taxed?
Approximately 6 percent of adult Americans experience an activity-limiting injury every three months, according to the Centers for Disease Control and Prevention (CDC). Injuries can happen because of carelessness, such as distracted driving or a slippery floor at a...
Supplemental vs. Special Needs Trusts: Any Difference?
Have you heard the terms “special” needs trust and “supplemental” needs trust and wondered what the difference is? The simple answer is that there’s no difference. Whether supplemental or special, these trusts serve the same purpose of helping meet the needs of...
Will I Lose My Disability if I Work Part-Time?
According to the Center on Budget and Policy Priorities, 7.4 million people received Social Security Disability Insurance (SSDI) payments in 2023, including 89,000 spouses and 1.1 million children. SSDI supports workers who develop disabilities before they retire, as...
Home Ownership for People With Disabilities
People with disabilities often require housing that accommodates their unique needs. In many cases, group living facilities may be appropriate, with the group environment providing stability and support. In other cases, the person with special needs requires a...
Preventing Guardianship Abuse of People With Disabilities
If you have a loved one living with a disability, you should be aware of the signs that these individuals may be facing abuse or exploitation in the guardianship system. Legal Guardianship An individual living with certain disabilities may benefit greatly from having...
Food Will No Longer Count as Income for SSI Recipients
The Social Security Administration (SSA) has announced a major change regarding how it calculates In-Kind Support and Maintenance (ISM) for recipients of Supplemental Security Income, or SSI. Beginning later this year, the SSA will no longer count “free food” as...
Legal Guardianship for Adults With Serious Mental Illness
Mental illness affects one in five adults in the United States, the National Institute of Mental Health reports. The severity of mental illness varies. Serious mental illnesses are mental, behavioral, or emotional disorders that cause significant life impairment and...
Will a Special Needs Trust Impact Your Section 8 Voucher?
Half of Americans report that access to affordable housing is a problem in their community, according to the Pew Research Center. For families affected by disability, housing costs can pose a particularly significant concern. According to the Center on Budget and...
Should a Special Needs Trust End If Beneficiary Recovers?
Not all disabilities are necessarily permanent. Take, for example, Talonda Mulgrew, who sustained a traumatic brain injury at age 16. Her loved ones assumed that her resulting disabilities would persist for the rest of her life. Talonda's family established a special...
Do Personal Injury Settlements Affect SSI or SSDI Benefits?
The answer to how personal injury settlements affect Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) benefits depends on your specific situation. However, there is a general answer: SSDI – No, your settlement does not affect SSDI...