Start at the End When reading a book, you don’t usually read the last page first. However, a representative should take care of that last page as soon as a special needs trust is established for an elderly loved one (a life beneficiary). Why? Because by law, a special needs trust is frozen as soon…
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Supporting Older Americans Act of 2020 Impacts People with Younger-Onset Alzheimers
The Alzheimer’s Association released this post about the Supporting Older Americans Act of 2020 and the key provisions that impact those with younger-onset Alzheimer’s disease. https://www.alz.org/news/2020/the-supporting-older-americans-act-of-2020-signed
Parenting Your Parents
Parenting your parents means getting involved with their long-term care plans, if any, their finances and estate plans.
What Can Special Needs Trusts Buy?
This article first appeared in the June 2019 issue of Birmingham Parent magazine.
Special Talents of Special Needs Children and Their Teachers
Special Needs Trusts like those set up by Alabama Family Trust enhance the special needs individual’s life beyond the scope of governmental benefits. This article appeared first in the July 2019 issue of Birmingham Parent magazine.
Work/Life Balance Among Senior Citizens
According to a study conducted by LIMRA Secure Retirement Institute, nearly 51 percent of people retire by the age of 65, and only 10 percent of seniors work to the age of 75. Senior citizens may perhaps be the most interesting age demographic in the workforce because, unlike their younger colleagues, less than half the…
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Alabama Family Trust Turns 25
Time Flies – Let us re-introduce Alabama Family Trust. Back in 1994, the Alabama Legislature passed the statute to create Alabama Family Trust. For the past 25 years, Alabama Family Trust has been the only non-profit, pooled trust company in Alabama administering $30M+ in special needs trust assets for disabled children, adults, and seniors. Board…
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Special Needs Trusts and Medicaid Eligibility
Can you Explain Special Needs Trusts and Medicaid Eligibility? No Problem! Even if you have used a special needs trust and Medicaid application yourself, it’s still difficult to explain it to someone else. Alabama Family Trust can handle this situation. Just break out the popcorn and join your friend to: Watch this video Of course,…
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Alabama Family Trust Selects Warren Averett Asset Management
The Alabama Family Trust selected Warren Averett Asset Management to provide professional money management and investment services effective April 1, 2018. Warren Averett Asset Management offers Alabama Family Trust and its beneficiaries a unique, comprehensive solution that includes recordkeeping, administrative services, and investment management all under one firm umbrella. With this new partnership, Alabama Family…
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Should Your Trust File a Tax Return?
As a co-trustee, don’t let the question of a trust tax return keep you up at night. The answer is . . . it depends. Fortunately, the Special Needs Alliance has an excellent trust tax summary which was published in the The Voice newsletter. Review the information and talk to your accountant about what is…
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