from Alabama Family Trust's Executive Director, Melanie B. Holliman Recently, I attended a large CLE (continuing legal education) course with a variety of speakers. I was surprised to hear a vendor from a for-profit trust company denigrate trusts managed by "pooled non-profit trust companies" as being inferior to their for-profit trust services. You could say the speaker "stepped on our toes" a bit, so I want to clarify the advantages of a pooled non-profit such as Alabama Family Trust. Pooled Trusts Beneficiaries of pooled special needs trusts have the advantage … [Read more...]
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, Alabama Family Trust strongly recommends you consult with an estate planning asset protection attorney who also has experience helping with Medicaid applications. A Special Needs Trust can protect assets so that they can be used to supplement government … [Read more...]
Alabama Family Trust Selects Warren Averett Asset Management
April 2018 - The Alabama Family Trust has recently 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 Trust is proud to offer enhanced benefits including lower fees, streamlined reimbursements, and robust investment options. Here are more … [Read more...]
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 their The Voice newsletter in March 2014. Review the information and talk to your accountant about what is right for the trust you help manage. … [Read more...]
Planning Ahead for Elderly and Disabled Individuals
Still thinking about New Year resolutions? Think beyond the usual “I’m going to lose weight, exercise more, and get healthy” resolutions and commit to one you can keep with just a small amount of effort. Give Funds to Disabled Family Members the Right Way Estate planning is important to make sure your wishes are carried out when you die. but it is also important to take care of living family members (including yourself in case you become disabled). If you have a disabled family member, chances are good that you would like to leave money to take care of that person’s needs when you die. … [Read more...]
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