News
Building an Estate Plan for Adult Children with Disabilities
Parents of adult children with disabilities know that their child's disability needs may change over the course of their lifetime. Planning for the future well-being of an adult child with disabilities is, therefore, a responsive, ongoing process. The life expectancy...
How ABLE Accounts Can Help Boost Your Financial Health
For many people with disabilities, maintaining financial well-being can prove particularly challenging amid the marginalization, societal stereotypes, and employment and health care barriers they may regularly face. This includes anything from inaccessible workplaces...
SSA Announces 12 New Compassionate Allowance Conditions
The Compassionate Allowances program helps the Social Security Administration (SSA) identify people living with rare and serious medical conditions that render patients disabled. According to SSA Acting Commissioner Kilolo Kijakazi, the Compassionate Allowances...
Intellectual and Developmental Disability: What Is an IDD?
Intellectual or developmental disability, known as IDD, affects approximately 7.39 million people in the United States, according to a 2019 estimate by the University of Minnesota. Typically present at birth or onsetting in childhood, IDDs adversely impact a person’s...
Is Bipolar Disorder a Disability According to the SSA?
According to the National Institute of Mental Health (NIMH), approximately 4.4 percent of adults experience bipolar disorder during their lives. Individuals with certain disabilities may be able to secure disability benefits through the Social Security Administration...
Special Needs Planning Q&A: What Is Workers Compensation?
According to the Bureau of Labor Statistics, employers reported 2.6 million nonfatal workplace injuries and illnesses and 5,190 workplace deaths in the United States in 2021. Workplace injuries and deaths can have severe consequences. Injured workers often must take...
What Is a 504 Plan?
We all want the best for our children and for them to get the best education possible. Some students need a tailored educational plan to make the most of their time in school. A 504 plan may be the best way for parents and guardians to support their child’s academic...
SSI, SSDI Recipients to Receive Boost in 2024 Payouts
The announcement about the cost-of-living adjustment (COLA) for 2024 is now out, and it’s good news for disability benefits recipients. Those who rely on Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) will soon see a 3.2 percent...
Funding a Special Needs Trust: How Much is Enough?
As a parent or guardian, you want to ensure that your child with special needs will remain financially secure even when you are no longer there to provide support. Given the significant, ongoing expenses involved in your child's care and uncertainty about what needs...
Life Insurance Offers a Way to Fund a Special Needs Trust Without Financial Strain
Many families are justly concerned about the long-term financial security of their loved ones with special needs, especially if parents who have been providing support pass away. This concern is one reason to create a special needs trust. But not every family can...
Some materials, in whole or in part provided by the Academy of Special Needs Planners, an independent 3rd-party. The information contained here does not purport to be a complete description of the topics referred to in this material. As of the date published the information is considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete due to ever changing legal constructs and state specific differences. Please note, changes in laws may occur at any time and could have a substantial impact upon each person's situation. While we are familiar with the tax provisions of the issues presented herein, as Saybrook Wealth Group, we are not licensed to render advice on tax or legal matters. You should discuss tax or legal matters with the appropriate professional.