Special Needs Planning

North Carolina Special Needs Planning Update: Pending Autism Bill

Posted on: September 21st, 2015
North Carolina Senate Bill 676, which has passed the Senate and is currently in the House Rules Committee, sets forth changes to healthcare coverage for autistic patients. ...

4 Tax Considerations for Parents of Special Needs Children

Posted on: May 21st, 2014
Special needs children may require the expenditure of significant sums for day-to-day healthcare, home modifications, and education programs. Fortunately, however, these expenses typically offer some tax advantages....

3 Common Mistakes in Special Needs Trusts

Posted on: October 16th, 2013
As part of Special Needs Law Month, our attorneys in Chapel Hill reviewed past posts that outline special needs law information in North Carolina. We have also created a list of common mistakes that families make when establishing special needs trusts for the benefit of a disabled loved one. ...

Potential Changes for Special Needs Trusts

Posted on: July 29th, 2013
Special needs trusts are excellent tools that help protect an individual’s assets while preserving his or her eligibility for government benefits, such as Medicaid....

3 Reasons Why You Need IRA Beneficiary Trusts

Posted on: May 27th, 2013
Naming a trust as an IRA beneficiary has become a popular estate planning tool in recent years.* There are many advantages to using an IRA Trust: ...

Special Needs Planning: When Children Become Adults

Posted on: March 6th, 2013
Parents of special needs children need to carefully plan for their children’s future. Many families turn to special needs trusts to ensure their child will have access to finances after their deaths, without hindering the child’s ability to qualify for public benefits, such as Social Security and Medicaid. ...

October is Special Needs Law Month

Posted on: October 19th, 2012
Special Needs Law attorneys advise individuals with special needs, disabilities, and their loved ones, on laws concerning their financial comfort and well-being. ...

Special Needs Trusts: Allowable Expenses

Posted on: March 12th, 2010
Special Needs Trusts (SNTs), also sometimes referred to as Supplemental Needs Trusts, are used to provide supplemental benefits to disabled or elderly...

Judicial Creation of Special Needs Trusts Clarified

Posted on: July 15th, 2009
Governor Bev Perdue recently signed into law Session Law 2009-267, which: modifies North Carolina General Statutes Section 36C-2-203(a)(9) to state the proceedings may be brought before the Clerk of Superior Court to create a trust....

More on Special Needs Trusts

Posted on: October 9th, 2008
​I recently posted a link to an article on Special Needs Trusts – here’s another one from the Wall Street Journal, which quotes several well known lawyers, including Barry Nelson in Miami, who has a special needs child himself. ...