Although advancements in medicine have extended our average life expectancy, it is vital to prepare for the possibility of disability or impairment. For example, even people in their 30’s may experience significant periods or even lifelong disability issues. Failing to plan for such scenarios can lead to costly consequences. This article discusses how making the proactive decisions now could help in the future when you plan for incapacity or disability.
SMRU 5016433 | Exp. 1/31/2026
Parents caring for those with special needs are often unaware of the substantial tax benefits available to them and could miss out on potential tax deductions and reductions in their tax liability. In this article, Thomas Brinker, Jr., LL.M., CPA, focuses on the medical expense and home equity interest expense deductions pertaining to home-related capital expenditures to help parents of individuals with special needs and their advisors be aware of some of the unusual tax code provisions that may be applicable.
SMRU 1916711 | Exp. 10/8/23
Families that care for individuals with special needs can work with a qualified professional to create a special needs trust to help protect their assets and provide lifetime financial stability for their loved one. Watch this one-minute video to learn more.
SMRU 1840770 | exp. 3/17/24
Children and individuals with special needs require a different level of estate planning to help ensure those needs are met for the duration of their lifetimes. In this short video, you’ll hear Rimon PC estate planning attorney Patricia Annino list the steps you need to be aware of to address planning for individuals with special needs and help secure your loved one’s future.
SMRU 1673638 | exp. 4/29/24