Special Needs Lawyers Hosting Annual Special Needs Trust Community Seminar
Palo Alto, CA (Law Firm Newswire) February 22, 2013 – The special needs planning attorneys of Gilfix and La Poll Associates, LLP, invite the public to their upcoming Special Needs Trust Community Seminar on April 2, 2013.
This seminar is an event designed to provide up-to-date, reliable information about special needs trusts and public benefits eligibility for disabled individuals.
“Our annual Special Needs Trust Community Seminar focuses on the unique challenges each family faces in addressing the long-term needs of a special needs individual,” said Michael Gilfix, Palo Alto estate planning attorney. Mr. Gilfix, featured in national publications for his insight into the fields of estate planning and elder law, harnesses his special needs trust expertise when working with clients who want to ensure financial safety for a disabled child or other disabled family member who may be unable to work or live independently.
A special needs trust is a legal document which can provide that person with financial safety, without disturbing their eligibility for public benefits. In a special needs trust, assets are held in a way that keeps them exempt from assessment regarding eligibility for government benefits such as Supplemental Security Income (SSI) and Medi-Cal. Instead, those assets are used to supplement the public benefits, and can be used for services, education, recreation, and items that the public benefits system might consider “supplemental” and otherwise over and above what the government provides.
A special needs trust (sometimes called a supplemental needs trust) is one of the most important tools a family can use to help a loved one. A trustee is put in place to oversee the special needs trust, to ensure funds are properly disbursed and that the individual’s needs are met according to the dictates of the trust. The instructions of the trust can be as basic as funding residence and care, or as elaborate as paying for classes, outings, and activities which enhances the life of the individual under the trust.
The Special Needs Trust seminar, now in its ninth year, is April 2nd, 2013 at the Crowne Plaza Cabana in Palo Alto, CA, with two sessions: 2PM – 4PM and 6PM – 8PM, and is free to attendees. Also in attendance are numerous local organizations with helpful materials regarding their services. For information on the seminar or about special needs trusts, call (650) 493-8070 or (408) 971-7292.
To learn more, visit Gilfix & La Poll Associates LLP at http://www.gilfix.com/.
Gilfix & La Poll Associates LLP
2300 Geng Rd., Suite 200
Palo Alto, CA 94303
Telephone: (650) 493-8070
Facebook: Like Us!
- Face Lifts, Dementia, and Elder Financial Abuse
It takes a lot for the California medical board to take any action against a physician. They recently revoked a concord, California plastic surgeon’s license when he went too far. He performed a face lift – a “lifestyle lift” – on an 82 year old gentleman with dementia and many other chronic illnesses. A two [...]
- Handling a Large Inheritance Can Be More Difficult than It May Seem
As they plan their estates, many people consider themselves fortunate if they are able to leave substantial inheritances to their children — and the children will be grateful to receive it. However, large inheritances bring certain responsibilities that can be overwhelming to some heirs, especially because they arrive during a grieving process. Those who inherit [...]
- How to Reduce Expenses After Retirement
A retirement savings plan and an estate plan go hand in hand. Proper planning can allow you to enjoy retirement in comfort and to leave an inheritance to children and grandchildren. However, in order for a retirement plan to be effective after you stop working full time, it is often necessary to make adjustments in [...]
- Damage Done by Explosive Growth in ADHD Diagnoses
A New York Times article by Alan Schwarz (December 15, 2013) explores the dramatic growth in diagnoses of Attention Deficit Hyperactivity Disorder (ADHD). His timely and revealing article explains the role the pharmaceutical industry has played in this phenomenon over the last twenty years. The pharma industry has been successful. In 2002, there were well [...]
- 529 College Savings Plans Can Be Incorporated Into Estate Plans
The college savings plans known as “529 plans” are an excellent way to save money for your child’s college education. Although contributions to the plans do not receive any federal tax breaks, the money withdrawn is not taxed, so any income earned within the plan is free from federal taxes and California state taxes. California’s [...]
See other news sources publishing this article. BETA | Tags: palo alto elder law attorney, palo alto elder law lawyer, palo alto estate planning attorney, palo alto estate planning lawyer, palo alto estate tax lawyer, palo alto gift tax attorney, Palo alto gift tax lawyer