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@waynecmontgomery
2 ай бұрын
Most states are enforcing the 65 rule on pooled and third party trust meaning you cannot add to them after age 65 when it comes to the Medicaid penalty. Also, if your trust has investments paying income does that effect the 65 Medicaid rule.
@jungpark662
2 ай бұрын
Best !!!
@lindahuber5302
2 ай бұрын
This is such helpful info, thank you ! I have a son that was 25 when he was approved for SSI, he’s on IHSS (we take care of him ) and we have a relative that wants to put in under $18k per year approx $1k per month but they decided to wait till he’s no longer on government benefits so as not to cancel those benefits out . From what you’re saying it sounds like a “CAL able account” maybe the way to go or any reason that a trust could be better choice?
@ellencookman-EstatePlanningSNT
Ай бұрын
Yes, I think a CalABLE account is perfect for these situations! Here’s a video I made about relatives making gifts for special needs beneficiaries: Thank you for the gift, rich auntie! kzitem.info/news/bejne/o2qiuWuMi3aiqYo
@starlacroix
8 күн бұрын
Can an Able acct. Accept anything other than a cash or check payment??Ex. Like stock vauled at less than 18,000..?
@starlacroix
8 күн бұрын
Or any inheritance under the annual tax exclusion?
@ellencookman-EstatePlanningSNT
Күн бұрын
@@starlacroix Unfortunately an ABLE account only holds cash, not securities or other forms of assets
@starlacroix
8 күн бұрын
Hi 🙋♀️Wondering If I were able to earn any $$$ . Would It neg effect SGA or being considered disabled when the SSA review for SSDI asks if you work and what do you make?? (I have the every 8 years level review from Soc security) 💜🙏
@starlacroix
8 күн бұрын
Also it's not just SSDI , have Medicaid secondary. Ty :)
@ellencookman-EstatePlanningSNT
Күн бұрын
@@starlacroix We’ll soon be releasing a video on Working While Receiving Public Benefits: SSDI, please be on the lookout for that!
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