This article appeared first in the July 2019 issue of Birmingham Parent magazine. … [Read more...]
Alabama Family Trust takes your and our staff's health safety seriously and are continuing to work remotely.
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 population still works full time. For seniors still on the daily grind, this presents both challenges and opportunities. Below we will explore how senior citizens can maintain a healthy work/life balance in their golden years… Don’t Compare Yourself with Your Retired … [Read more...]
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 of Trustees - Its Board of Trustees are appointed by the governor of Alabama, the presiding officer of the Alabama Senate, and the Speaker of the Alabama House of Representatives. All appointments are then confirmed by the Alabama Senate. The … [Read more...]
Advantages of Non-Profit, Pooled Trusts
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...]
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