SSI | Law Firm Newswire

Roseville, CA (Law Firm Newswire) February 11, 2016 – Special needs trusts (SNTs) are established for beneficiaries who are physically or mentally disabled. They are drafted in such a way that the beneficiary can reap the benefits of property that is held in trust for them while simultaneously maintaining eligibility to receive needs-based government benefits. The three kinds of SNTs are first-party, third-party and pooled trusts. First-party SNTs are used to hold property owned by the person with special needs, and are established by the disabled person’s parent, grandparent, conservator or the court. These trusts apply in cases in which […]


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Palo Alto, CA (Law Firm Newswire) February 9, 2015 – On January 1, 2015, a new federal law took effect, authorizing states to establish a new kind of tax-favored savings account for some special needs individuals. The Achieving a Better Life Experience (ABLE) Act created an account for special needs individuals that is similar, in some ways, to a 529 college savings account. A 529 ABLE account will allow special needs individuals and their families to save up to $100,000, which can be used for some living expenses, while still allowing the individual to qualify for Supplemental Security Income (SSI). […]


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Zephyrhills, FL (Law Firm Newswire) December 20, 2013 – Supplemental Security Income (SSI) is available to low-income families with disabled children, but some face tough challenges in qualifying. The public benefit program, run by the Social Security Administration (SSA), provides cash payments to the families of qualifying children. To be eligible, children must meet two sets of criteria. They and their families cannot exceed certain income and asset levels, and they must have a physical or mental impairment resulting in severe functional limitations. But as a recent story in the Philadelphia Inquirer illustrates, children who seem eligible cannot always get […]


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Virginia Beach, VA (Law Firm Newswire) November 25, 2013 – A new federal grant program is aimed to improve the long-term prospects of disabled children who receive Supplemental Security Income (SSI). The Promoting Readiness of Minors in Supplemental Security Income (PROMISE) initiative will provide assistance to SSI recipients and their families in order to help the kids complete high school, postsecondary education, and job training, as well as find good jobs. “Despite the support that Supplemental Security Income provides, children who receive the benefits nevertheless tend to lag behind in higher education and employment when compared with their peers,” said […]


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