Military Families Have More Options When Planning for a Child with Special Needs

Military families who have kids with special needs have historically faced a number of difficulties when planning for their future financial stability.   Previously, military families faced the challenge of being unable to assign survivor benefits to their child with special needs because the payments could potentially affect their eligibility for government benefits such as Medicaid or Supplemental Security Income (SSI). Fortunately, changes made in 2014 under the Disabled Military Child Protection Act now allow military parents to provide survivor benefits to a disabled child via a First Party Special Needs Trust rather than putting the money into the child’s name. The child will still benefit from the funds in the Trust, but because the funds are not in the name of the child, they will not be considered when determining eligibility for government programs. The military member can designate up to 55% of their retirement pay to eligible children or spouses. .…

Read more detail on Recent Administrative Law posts –

This entry was posted in Administrative law and tagged , , , , , , . Bookmark the permalink.

Leave a Reply