by admin | Nov 21, 2021 | Trusts
One of the most important roles in a special needs plan is that of trustee, the person who administers a special needs trust (SNT). Of a trustee’s many responsibilities, record-keeping is perhaps the most crucial. Because the trustee is managing accounts on behalf of... by admin | Aug 11, 2021 | Trusts
The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most beneficiaries to save on taxes by “stretching” distributions over many years. However, an exception to the new rules... by admin | Aug 4, 2021 | Trusts
Provided by Edward Jones Financial Advisor, Gabe Lajeunesse, AAMS® Like most people, you may have several financial goals. But can you reach them all? It would be simple if you had great wealth. But you’ll likely need to rank your goals in terms of their importance to... by admin | Jun 1, 2021 | Special Needs, Trusts
A recent felony charge against the mother of a special needs child in Minnesota offers a good reason why an independent trustee of a special needs trust, or at least oversight over a family member serving as trustee, may be a good idea. Pamela Fischer, 66, of... by admin | May 10, 2021 | Special Needs, Trusts
A New Jersey man has been charged with stealing $330,000 from the special needs trust (SNT) of a man living in a long-term care facility. The case highlights the importance of having a professional trustee manage an SNT. According to a criminal... by admin | May 1, 2021 | Estate Planning, Trusts
With the federal estate tax exemption possibly about to be lowered, it may be time to think about steps you can take to keep your estate from being taxed. An irrevocable life insurance trust allows you to pass on money to your heirs while avoiding both the federal...