A few legal updates for your consideration as we enter our new decade: Retirement The SECURE Act of 2019 makes important changes to retirement accounts. The age at which required distributions must be taken is increased from age 70 ½ to age 72 for persons who turn 70 1/2 after December 31, 2019. The Act [...]
Question: My spouse and I have settled our divorce. Our special needs child, now age 14, will receive $2,100.00 per month of child support until she is age 21. She is developmentally disabled. She will need her to keep her current Medicaid and when she is age 18. Is there a solution to keep the [...]
April 2018 Question of the Month My spouse and I have filed for divorce. We have two children. One child is age 17 with special needs. Everyone keeps telling us that we need a special needs trust and guardianship for our child, but I don’t know what that means. I am also concerned that not [...]
Question of the Month: Can I save for my special needs child’s future? She has a disability and will need Medicaid and SSI when she is age 18.
This month’s question: "Can I save for my special needs child's future? She has a disability and will need Medicaid and SSI when she is age 18." Beth's answer: Yes, you can now save for your child's future without affecting Medicaid and SSI eligibility and without spending legal fees. As of September 2017, New York [...]