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Beyond Safety Nets: Navigating the World of Special Needs Trusts

Month: May 2024

Beyond Safety Nets: Navigating the World of Special Needs Trusts

Special Needs Trusts (SNTs) are a specific type of trust designed to safeguard the eligibility of beneficiaries for need-based government benefits, such as Medicaid and Supplemental Security Income (SSI). These trusts are also known as supplemental needs trusts or “(d)(4)(A)”

How Qualified Income Trusts Unlock Medicaid Benefits: A Comprehensive Guide – Part 2

How do I set up a QIT? 1. Contact the experienced attorneys at NJ Elder Law Center at Goldberg Law Group for a free consultation. As one can see from the above list of guidelines, establishing a QIT requires careful

How Qualified Income Trusts Unlock Medicaid Benefits: A Comprehensive Guide – Part 1

The Omnibus Budget Reconciliation Act of 1993 introduced Qualified Income Trusts (QITs, also called Miller Trusts), detailed in Section 1917 (d)(4)(B) of the Social Security Act (42 U.S.C. § 1396p(d)(4)(B)). New Jersey adopted the use of QITs effective December 2014. 

How Medicaid Planning Can Help Protect Your Spouse

When it comes to planning for your future it is important to take your spouse into account. Starting Medicaid planning early can help protect your spouse in the future by ensuring that both of your assets are protected and accounted

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