#estateplanning — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #estateplanning, aggregated by home.social.
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Bitcoin Life Gets Guernsey License, Wraps BTC in Insurance
Perpetual21 Limited secured a full Guernsey life insurer license and launched a Bitcoin-denominated whole-of-life bond with institutional custody for estate planning.
https://pulseofnations.lol/bitcoin-life-gets/
#Bitcoin #Custody #EstatePlanning #Guernsey #Insurance #Regulation #Wealth
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10 things people get wrong when planning their estate #FinSky #estateplanning #PFcan #CanadaSky #bequests #wills #inheritance findependencehub.com/10-things-pe...
10 things People get Wrong whe... -
Sharon Osbourne files to remove accountant as executor to Ozzy’s estate
Sharon Osbourne filed to remove Colin Newman, her late husband Ozzy Osbourne’s long-term accountant, as an executor of…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #accounting #Business #entertainmentindustry #estateplanning #PersonalFinance
https://www.newsbeep.com/us/842337/ -
Sharon Osbourne files to remove accountant as executor to Ozzy’s estate
Sharon Osbourne filed to remove Colin Newman, her late husband Ozzy Osbourne’s long-term accountant, as an executor of…
#NewsBeep #News #Personalfinance #Accounting #AU #Australia #Business #entertainmentindustry #estateplanning #Finance #PersonalFinance
https://www.newsbeep.com/au/886250/ -
Les Paul’s Demolished Mahwah Home
By Stephanie Iken, Florida attorney, amateur guitarist, and music lover Recently, my Facebook feed filled with photographs and arguments about the destruction of Les Paul's longtime house in Mahwah, New Jersey. People wanted to know how a property so closely associated with one of the most influential musicians and inventors in American history could be allowed to be passed to a private party and demolished. The first post I saw was Gene Paul describing the loss of his childhood home. Gene […]https://stephanieiken.com/2026/08/25/les-pauls-demolished-mahwah-home/
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We met with a lawyer yesterday to set up a revocable estate trust for our kids. Cost ended up being 0.5% of the assessed value of our assets, which is a fraction of what it would cost to have everything go through probate. Amendments are easy and it's good for something like 365 years.
It was not an option I had even really been aware of until last week, but it should work for our needs.
#death #taxes #EstatePlanning #NotDeadYet #IThinkIllGoForAWalk #IFeelHappy
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Why child-free couples may need more—not less—for retirement
Many child-free couples make the same assumption: without the cost of raising children, they will need less mon…
#NewsBeep #News #Personalfinance #Ageing #AU #Australia #Business #child-freeretirement #eldercare #estateplanning #fewerliabilities #Finance #financialplanning #inheritance #PersonalFinance #retirementcorpus #retirementinsurance #retirementplanning #retirementsavings #soundretirementplan
https://www.newsbeep.com/au/830355/ -
Special Needs Trust – What It Is and Why You May Need One
Special Needs Trust: Protecting the Future of Your Loved One
Before making any legal or financial decisions, readers should consult a qualified estate planning attorney or financial advisor. The information below is for educational purposes.
Planning for the future is one of the most important gifts you can give a loved one with a disability. A Special Needs Trust (SNT) is a legal tool designed to provide financial support while helping preserve eligibility for important government assistance programs such as Supplemental Security Income (SSI) and Medicaid.
Whether you’re a parent, grandparent, sibling, caregiver, or an individual with a disability, understanding how a Special Needs Trust works can help ensure long-term financial security and peace of mind.
What Is a Special Needs Trust?
A Special Needs Trust is a legal arrangement that holds money or property for the benefit of a person with a disability. The trust is managed by a trustee, who uses the funds to improve the beneficiary’s quality of life without directly giving them cash that could jeopardize eligibility for certain means-tested government benefits.
The trust can pay for expenses that public benefits may not cover, including:
– Medical and dental expenses
– Specialized therapies
– Education and training
– Transportation
– Housing-related expenses (with planning considerations)
– Adaptive technology
– Recreation and hobbies
– Personal care services
– Travel and vacations
– Home modificationsThe goal is to supplement—not replace—government assistance.
Why Is a Special Needs Trust Important?Many public assistance programs have strict income and asset limits. Receiving an inheritance, legal settlement, or financial gift outright could unintentionally make someone ineligible for benefits.
A properly drafted Special Needs Trust helps:
– Preserve eligibility for Medicaid and SSI
– Protect inherited assets
– Ensure funds are managed responsibly
– Provide lifelong financial support
– Give family members peace of mind
– Create a structured plan for future care
Types of Special Needs TrustsFirst-Party Special Needs Trust
This type of trust is funded using the beneficiary’s own assets, such as:
– Personal injury settlements
– Inheritances received directly
– Savings or other personal assetsThese trusts must meet specific legal requirements and often include Medicaid reimbursement provisions after the beneficiary’s death.
Third-Party Special Needs Trust
A third-party trust is funded by someone other than the beneficiary, such as parents, grandparents, or other family members.
This is often used in estate planning because loved ones can leave money to the trust instead of directly to the individual with a disability.
Pooled Trust
A pooled trust combines assets from multiple beneficiaries while maintaining separate accounts for each person. These trusts are managed by nonprofit organizations and may be a practical option for families with smaller estates.
Who Should Consider a Special Needs Trust?
A Special Needs Trust may be beneficial if:
– You have a child with a disability.
– You care for an adult family member with special needs.
– A loved one receives SSI or Medicaid.
– You plan to leave an inheritance.
– A family member is expected to receive a lawsuit settlement.
– You want to ensure long-term financial management after you’re gone.What Can a Trustee Do?
The trustee has a legal responsibility to manage the trust in the beneficiary’s best interest.
Responsibilities include:
– Managing investments
– Paying approved expenses
– Keeping financial records
– Following trust instructions
– Protecting government benefit eligibility
– Coordinating with caregivers and professionals when appropriateChoosing the right trustee is one of the most important decisions when establishing a trust.
Common Mistakes to Avoid
Families sometimes unintentionally put benefits at risk by:
– Leaving an inheritance directly to the beneficiary
– Naming the individual as a direct life insurance beneficiary
– Giving large cash gifts
– Failing to update estate planning documents
– Choosing an inexperienced trusteeWorking with an experienced estate planning attorney can help avoid these costly mistakes.
When Should You Create a Special Needs Trust?
Ideally, families should establish a Special Needs Trust as part of their overall estate plan before assets are transferred. Planning early gives families greater flexibility and ensures that financial resources will be available when needed.
Final Thoughts
A Special Needs Trust is more than just a legal document—it’s a long-term plan for protecting a loved one’s future. By preserving access to critical public benefits while providing additional financial support, these trusts can help individuals with disabilities enjoy greater independence, stability, and quality of life.
If your family is planning an inheritance, managing a disability-related settlement, or simply preparing for the future, speaking with an experienced estate planning attorney can help determine whether a Special Needs Trust is the right solution for your situation.
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#DisabilityPlanning #DisabilityResources #EstateAttorney #EstatePlanning #FamilyPlanning #FinancialPlanning #InheritancePlanning #MedicaidPlanning #News #SpecialNeeds #SpecialNeedsTrust #SSIBenefits #TrustFund -
Multiple marriages to family businesses: India’s new need for wealth managers
Not too long ago, most people associated wealth managers with…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #estateplanning #HNIfamilyoffices #Indiafertilityrate #inheritanceplanning #intergenerationalwealthtransfer #PersonalFinance #replacementlevelfertility #ShraddhaNileshwar #Successionplanning #totalfertilityrate #wealthmanagementIndia
https://www.newsbeep.com/us/748207/ -
Multiple marriages to family businesses: India’s new need for wealth managers
Not too long ago, most people associated wealth managers with stock tips and portfo…
#NewsBeep #News #Personalfinance #AU #Australia #Business #estateplanning #Finance #HNIfamilyoffices #Indiafertilityrate #inheritanceplanning #intergenerationalwealthtransfer #PersonalFinance #replacementlevelfertility #ShraddhaNileshwar #successionplanning #totalfertilityrate #wealthmanagementIndia
https://www.newsbeep.com/au/784469/ -
Why financial education has to start before the estate plan does
Wealthspire’s Andrew Lendnal tells InvestmentNews that raising capable heirs matters more than building the perfect trust. Children who…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #estateplanning #heirs #PersonalFinance #Wealthspire
https://www.newsbeep.com/us/719939/ -
Learn about estate planning at the CARP annual meeting June 18
Linda Cartier and John Lindsay will discuss estate planning and the disposition of assets at the event Learn…
#NewsBeep #News #Personalfinance #AU #Australia #Business #estateplanning|CARPSudbury #Finance #PersonalFinance
https://www.newsbeep.com/au/736843/ -
6 Things To Do Differently When Planning for Retirement If You Don’t Have Kids
AsiaVision / iStock/Getty Images Retirement advice in America often assumes a familiar path: work hard, raise kids, retire,…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #estateplanning #financialindependence #JayZigmont #PamelaGarrett #PersonalFinance #retirement #retirementplanning
https://www.newsbeep.com/us/679763/ -
Triplett & Carothers welcomes three new attorneys to strengthen its estate planning and probate services across Kentucky and Southern Indiana. #EstatePlanning #LegalNews
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DIY wills creating family estate conflicts in Chester County. Legal experts warn against online templates and recommend professional estate planning to protect family interests and prevent probate disputes. #EstatePlanning #LegalAdvice
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DIY wills creating family estate conflicts in Chester County. Legal experts warn against online templates and recommend professional estate planning to protect family interests and prevent probate disputes. #EstatePlanning #LegalAdvice
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NW Legacy Law brings expert estate planning to Portland, offering comprehensive legal services with personalized solutions for families. Simplifying complex legal processes with clarity and compassion. #EstatePlanning #LegalServices
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I’m a financial advisor. These are the 6 biggest mistakes people make when planning for end-of-life
End-of-life planning can be an emotional process — and something that many people put off. Though it may…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #AdamMamdani #beneficiaries #Business #estateplanning #GettyImages #Mamdani #PersonalFinance #powerofattorney
https://www.newsbeep.com/us/633155/ -
Should An Estate Be Divided Equally? How To Decide And Execute The Plan
It’s not often that a popular television series highlights the importance of estate planning, but the Netflix series…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #equitableestatedistribution #estateplanning #fairestatedistribution #howtodivideanestate #PersonalFinance #shouldanestatebedividedequally #shouldchildreninheritequalamounts
https://www.newsbeep.com/us/630437/ -
5 questions to ask before updating your Estate Plan #FinSky #estateplanning #PFcan #FinancialPlanning #CanadaSky findependencehub.com/5-questions-...
5 Questions to Ask before Upda... -
Expert warns inheritance tax is ‘becoming more complex’ – 5 top tips | Personal Finance | Finance
You will want to make sure you can pass your assets down to your family (Image: GETTY IMAGES)…
#NewsBeep #News #Personalfinance #AU #Australia #Business #estateplanning #Finance #inheritancetax #MarcPerry #Pension #PensionChanges #PersonalFinance
https://www.newsbeep.com/au/602932/ -
When an alter ego trust might be right for your client
That happened over two decades ago, when alter ego trusts and joint partner trusts were first introduced. These…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #estateplanning #PersonalFinance #trusts #wills
https://www.newsbeep.com/us/579402/ -
My mom was much richer than I realized, and left me more than I could have imagined. How do I manage this much money?
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. During the…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #estateplanning #inheritance #Jeannie #JeffBezos #PersonalFinance #socialsecurity
https://www.newsbeep.com/us/562535/ -
A husband is disinheriting his kids, leaving everything to his wife. How to avoid inheritance wars in blended families
It’s a question many remarried couples face: If one spouse passes away, what happens to the inheritance if…
#NewsBeep #News #Personalfinance #adultchildren #AU #Australia #blendedfamilies #Business #estateplanning #Finance #PersonalFinance #stepchildren #Tammy
https://www.newsbeep.com/au/576747/ -
A husband is disinheriting his kids, leaving everything to his wife. How to avoid inheritance wars in blended families
It’s a question many remarried couples face: If one spouse passes away, what happens to the inheritance if…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #adultchildren #blendedfamilies #Business #estateplanning #PersonalFinance #stepchildren #tammy
https://www.newsbeep.com/us/556555/ -
Worried about leaving your kids with probate complications when you die? Avoid putting certain assets in a living trust
PeopleImages / Shutterstock Moneywise and Yahoo Finance LLC may earn commission or revenue through links i…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #DaveRamsey #estateplanning #EstateTaxes #GeorgePennock #livingtrusts #PersonalFinance #probateprocess #revocablelivingtrust #SchwabWealthAdvisory
https://www.newsbeep.com/us/495385/ -
I’m leaving my $3.5M estate to my son — but I want to make sure his wife never gets a cut. How can I protect my money?
Image-Source / Envato Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #ALICE #Business #DaveRamsey #estateplanning #PersonalFinance
https://www.newsbeep.com/us/494547/