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You are here: Home / Archives for Special Needs Planning

September 9, 2017 by bob mason

Naming A Trust As IRA Beneficiary: Great Idea? Bad Idea?

Naming A Trust As IRA Beneficiary: Great Idea? Bad Idea?

This is the most advanced topic I have written for my public readers. But it can be an important topic, so hang in there. According to conventional wisdom you should always name your spouse as … [Read more...]

Filed Under: Banking, General, IRAs & Retirement Plans, Medicaid, Nursing Homes, Reader Favorites, Special Needs Planning, Tax Issues, Trusts generally Tagged With: estate planning, IRA, Irrevocable trusts, special needs trusts, Trusts generally

April 21, 2017 by bob mason 118 Comments

Read This to Understand How Medicaid Treats Trusts

Read This to Understand How Medicaid Treats Trusts

Dad died 5 years ago and there is a trust under his will for Mom. Will the trust be countable if Mom goes into a nursing home? Mom and Dad set up an irrevocable trust years ago (Bill Clinton was on … [Read more...]

Filed Under: General, Medicaid, Reader Favorites, Special Needs Planning, Trusts generally Tagged With: Irrevocable trusts, living trusts, Medicaid, Medicaid Planning, transfer penalty, Trusts generally

February 28, 2012 by bob mason Leave a Comment

Should Special Needs Trust Beneficiaries Eat Their Pets?

Should Special Needs Trust Beneficiaries Eat Their Pets?

Updated April 14, 2017 Recent Question: Bob, is it OK for the trustee of a special needs trust to purchase a $2,000 pure bred spaniel for the trust beneficiary, Edwina? Recent Answer: Only if … [Read more...]

Filed Under: General, Social Security, Special Needs Planning Tagged With: In-kind Support and Maintenance, ISM, Medicaid, SNTs, Social Security, special needs trusts, SSI, Supplemental Security Income

November 30, 2011 by bob mason

What Is Medicare Secondary Payer?

What Is Medicare Secondary Payer?

A Plain English explanation of why Medicare can (and should) grab part of your worker’s comp or court settlement . . . and what to do about it!  Give me five minutes! I proudly told my 94 year-old Mom … [Read more...]

Filed Under: General, Medicare, Medicare Secondary Payer, Special Needs Planning Tagged With: Medicare, Medicare secondary payer, MSA

September 18, 2011 by bob mason

Sole Benefit Trusts and Special Needs Trusts

A Sole Benefit Trust is an often neglected yet important type of Special Needs Trust that can be useful in planning for certain categories of individuals with disabilities. For example, a “Sole … [Read more...]

Filed Under: Medicaid, Special Needs Planning, Trusts generally Tagged With: Medicaid, sole benefit trust, special needs trusts, transfer penalty, Trusts generally

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About Bob Mason

Bob Mason, Elder Law & Special Needs LawRobert A. Mason, JD, CELA, CAP, is owner of Mason Law, PC, of Charlotte and Asheboro, North Carolina, a law firm devoted exclusively to legal issues involving the elderly and the disabled. Read More >>

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Robert A. Mason named to Super Lawyers ASHEBORO, … [Read More...]

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ASHEBORO, NC — Aug. 20, 2020: Best Lawyers® has … [Read More...]

Reader Favorites

Surprise! Your Medicare Premiums Might Go Up.

Surprise! Your Medicare Premiums Might Go Up.

Selling an appreciated asset or cashing-in/drawing down an IRA or an … [Read More...]

NORTH CAROLINA SPECIAL ASSISTANCE

NORTH CAROLINA SPECIAL ASSISTANCE

Medicaid in an Assisted Living Facility? Think again! You’ve been looking … [Read More...]

STEP Act Might Step On You

STEP Act Might Step On You

Something is perking in Washington that could end up costing many people a … [Read More...]

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