Attorney and Author Michael Gilfix to Speak on Special Needs Trusts
Palo Alto, CA (Law Firm Newswire) March 14, 2014 – Families with a disabled child, parent or other relative face incredibly difficult challenges. They struggle to ensure that their disabled loved one lives a happy and comfortable life. As such, parents especially worry about how their disabled child's needs will be met after they are gone.
A special needs trust is a powerful estate planning tool that may provide peace of mind to any family struggling with these issues.
On Wednesday, April 2, 2014, Gilfix and La Poll Associates presents the 10th Annual Community Special Needs Trust Seminar. Nationally recognized expert, author and attorney Michael Gilfix is slated explain and review how these trusts work.
The Community Seminar is cosponsored by several non-profit organizations, including the Morgan Autism Center, Pacific Autism Center for Education, Institute on Aging, Parents Helping Parents and Life Services Alternatives, among others. These organizations plan to be on hand with further information for seminar attendees.
Michael Gilfix is the author of a well-known tome on the subject of special needs trusts, “Special Needs Trust Creation and Management Guide.” Copies of the book will be available for all seminar guests. In the guide and in person, Gilfix presents his subject matter in a sophisticated, yet highly approachable and understandable manner.
“A special needs trust is often the ideal legal vehicle for assuring that disabled individuals are provided with a lifetime financial safety net, because, among other reasons, it does not compromise eligibility for government benefits,” Gilfix explained. “Indeed, assets within a special needs trust are not counted when eligibility for government programs, such as Supplemental Security Income and Medi-Cal, are determined.”
Gilfix, whose law office is located in Palo Alto, California, also points out that the government-sponsored benefits system is often inadequate to provide for the needs of disabled individuals. Special needs trusts are often vital to bridge the gap and cover expenses.
The Community Special Needs Trust Seminar is to be held twice on April 2, 2014: once from 2:00 p.m. to 4:00 p.m., and again from 6:00 p.m. to 8:00 p.m. To register, visit www.Gilfix.com or call (650) 493-8070.
Facebook: Like Us!
- Autism costs rise dramatically with age: study
Caring for individuals with autism and other special needs tends to involve a lifetime of expenses, whether it is paying for caregivers, accommodation or daily necessities. A study from the University of California, Davis (UCD), shows California spends significantly more on adults with autism compared to children who have the disorder. Researchers found state expenditures […]
- Military retirees can now use special needs trusts for SBP payments
Military families with special needs children face a number of difficulties when planning for their future financial security. However, a new law now allows military retirees more flexibility and peace of mind with the way their Survivor Benefit Plan (SBP) can be paid upon their passing. The SBP allows retired military members to designate up […]
- Estate planning implications of winning the lottery
Although winning the lottery can be exciting, it carries enormous estate and gift tax implications. Finances can dwindle away in no time if they are not managed properly. Lottery winners have the option of taking the prize as a lump sum or an annuity that is divided into 30 annual payments. California exempts lottery winnings […]
- Why young adults should consider estate planning
Under California law, once a child turns 18 years of age they are viewed as an adult. Entering adulthood involves taking steps to prepare for the unexpected, whether it is a sudden illness or a serious accident. No one likes to think of themselves in such terrible circumstances in which they are unable to make […]
- Smartphone app helps nonverbal children communicate through symbols
Predictive typing firm SwiftKey has launched a smartphone app that aims to provide special needs children with an easier way to communicate. SwiftKey Symbols is described as an assistive symbol-based communication app specially designed for children with autism and other learning difficulties. It can be used by other nonverbal individuals as well. The company’s contextual […]