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!
- Survey reveals more than one-third of wealthy individuals lack estate plans
The CNBC Millionaire Survey has found that 38 percent of 750 millionaires surveyed have not consulted a financial expert to establish an estate plan. The poll conducted by Spectrem Group for CNBC revealed estate planning was the most prevalent among individuals with investable assets amounting to at least $5 million, with 68 percent having worked […]
- Nike launches groundbreaking shoes for people with special needs
People with special needs face unique challenges that impact the quality of their everyday lives. For parents of special needs children, there is no greater hope than ensuring their child experiences life to the fullest despite having a disability that may inhibit their independence. Addressing one such issue, on July 13 Nike unveiled a line […]
- Michael Gilfix in Trusts & Estates Magazine: Addressing Financial Elder Abuse
Friends, We wanted to share an article that Michael Gilfix published in the prestigious Trusts & Estates magazine late last year. The article discusses issues related to elder abuse and diminished capacity as individuals age. In this article, Michael presents a new paradigm for thinking about this. He presents ways that families can keep an […]
- Top reasons women need to consider estate planning
Whether single, married, divorced or widowed, every woman should know how to maintain her financial independence and plan for issues she might face as she gets older, such as the need for long-term care. Women in the United States statistically have longer life expectancies than men, and therefore a higher likelihood of outliving their husbands. […]
- U.S. Government focuses on elder justice at conference on aging
President Barack Obama hosted the 2015 White House Conference on Aging on July 13. With adults aged 65 and above projected to comprise 20 percent of the United States population by 2030, the conference examined issues of importance to the future of older Americans, their families and caregivers. Elder justice was in the spotlight at […]