Guest guest Posted July 10, 2006 Report Posted July 10, 2006 Hi,Everyone....I just went to a talk about these for Pa. because I am applying for Gareth to get SSI funds. The trust can also come from someone's insurance. Ex.....Dad doesn't have enough money to start a trust today, but can set aside xxx $$$ for insurance. Mic can be the beneficiary to that insurance AS LONG AS IT IS stated the insurance immediately goes into a spec. needs trust. Also, if you are going to charge your child rent after they get SSI, the money should be paid to the parents as rent, etc. and the parents deposit the money into a special needs trust. The gov. doesn't want to see a SSI recipient putting $$$ into a trust themselves.....it means they don't need the gov'ts $$$. It is a very complicated mess....of course, nothing is easy in our lives.....but worth the expense for our kids' future. Take care, Everyone. Margaret Quote
Guest guest Posted July 10, 2006 Report Posted July 10, 2006 If you are in PA - the Pittsburgh AC has written some great materiel about trusts and has set up a group trust plan. Might be worth reading IF YOU ARE IN PA. Sara - Choose to make lemonade, not complain about the lemons. >From: mfroof@... >Reply-To: >To: >Subject: Trusts >Date: Mon, 10 Jul 2006 20:13:22 EDT > >Hi,Everyone....I just went to a talk about these for Pa. because I am >applying for Gareth to get SSI funds. The trust can also come from >someone's >insurance. Ex.....Dad doesn't have enough money to start a trust today, >but can >set aside xxx $$$ for insurance. Mic can be the beneficiary to that >insurance >AS LONG AS IT IS stated the insurance immediately goes into a spec. needs >trust. Also, if you are going to charge your child rent after they get >SSI, >the money should be paid to the parents as rent, etc. and the parents >deposit >the money into a special needs trust. The gov. doesn't want to see a SSI >recipient putting $$$ into a trust themselves.....it means they don't need >the >gov'ts $$$. It is a very complicated mess....of course, nothing is easy >in our >lives.....but worth the expense for our kids' future. > Take care, Everyone. >Margaret > > > Quote
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