What can a special needs trust pay for?
You may know that a special needs trust generally pays for the supplemental needs of the disabled, in order to preserve access to means-tested public benefits. But what are those supplemental needs? Commonly paid items Below is a list of items that are often paid for...New Medicaid figures announced
Several figures used to calculate income for spouses of Medicaid applicants have risen slightly, the Pennsylvania Department of Public Welfare announced. When calculating a spouse’s monthly maintenance needs allowance, the Department uses standard utility...National Estate Planning Awareness Week
The third week in October is National Estate Planning Awareness Week, as designated by the U.S. House of Representatives. (H. Res. 1499 2008) In its resolution, the House noted that “over 120 million Americans do not have up-to-date estate plans to protect themselves...What is a “self settled” special needs trust?
A “self settled” special needs trust is a particular type of special needs trust (SNT). In this post I’ll explain what it is, and when and how it is used. (For an explanation of SNTs in general, read this prior post.) First, some terminology. A self settled SNT...About Andrew Sykes
The founder of Sykes Elder Law, Andrew Sykes is recognized as a leading elder law authority in Pennsylvania. He is a Certified Elder Law Attorney with over 20 years of experience helping clients with estate planning, estate administration, and Medicaid planning.
