Are you or a loved one seeking assistance for disability-related needs in Utah? Medicaid waiver programs provide crucial support that helps individuals with disabilities remain in their homes instead of requiring institutional care. This comprehensive guide covers everything you need...
As we move through 2025, many seniors and their families face a growing concern: how to afford long-term care without depleting a lifetime of savings. With nursing home costs in many areas now exceeding $10,000 per month, even substantial...
Understanding Rental Subsidies for SSI Recipients
If you receive Supplemental Security Income (SSI) and live in a household where the rent you pay is below fair market value, you may be receiving "in-kind support and maintenance" (ISM) in the form of a rental subsidy. This can impact your SSI benefit amount. Here's what...
As of January 1, 2024, many companies doing business in the United States must report information about their beneficial owners—the individuals who ultimately own or control the company—to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Additional information is available at fincen.gov/boi. Subscribe to FinCEN Updates for future guidance documents.
As a financial tool designed to help individuals with disabilities save money without jeopardizing their eligibility for crucial government benefits, ABLE (Achieving a Better Life Experience) accounts have become increasingly popular. One key aspect of these accounts is the concept of Qualified Disability Expenses (QDEs). In this blog post, we'll explore what...
As an elder law attorney, I've guided many families through the challenging process of addressing a loved one's diminishing mental capacity. Here are five essential tips to help you navigate this sensitive conversation:
1. Start Early
Begin discussions about future care and decision-making while your loved...
Introduction:
Working while receiving Supplemental Security Income (SSI) benefits can be a challenging balancing act. On one hand, it offers individuals the opportunity to earn additional income and gain a sense of independence. On the other hand, it comes with a set of regulations and considerations that can significantly...
In the realm of financial planning for individuals with disabilities, there are various tools available to help manage assets and secure a stable future. Among these tools, ABLE accounts and First-Party Special Needs Trusts (SNTs) stand out as prominent options. Both serve distinct purposes and offer unique benefits tailored to the specific...
A Durable Power of Attorney (DPOA) is a powerful legal tool that allows you to designate someone to act on your behalf in financial and legal matters if you become incapacitated. One crucial decision to consider when creating a DPOA is whether to grant your agent the authority to change beneficiary designations...
ISM is an acronym used by the Social Security Administration which refers to "In Kind Support Maintenance", which can reduce the amount of a recipient's SSI.
Currently, the SSA considers any in-kind support and maintenance provided to an SSI recipient, such as free or reduced-cost food and housing, as...
