In January, 2013, Social Security monthly payments will increase by 1.7%. The cost of living increase is low as a result of low inflation over the year. Last year the increase was 3.6%. This increase of only 1.7% is one of the smallest increases since automatic annual cost-of-living adjustment was adopted in 1975. While any…
Supplemental Security Income (SSI) is a federal program that provides cash assistance to people with disabilities who have very limited incomes and resources. In most cases, SSI recipients may also obtain a much more important benefit -- automatic Medicaid eligibility. Because access to SSI depends on a beneficiary's income and resources, even small increases in…
Trustees of special needs trusts have a duty to properly manage the funds in their care. However, most trustees, especially non-professional ones, are not sophisticated investors and they should not be directly managing the investment of large sums of money. This does not mean that the trustee of a special needs trust should simply toss…
