1983 was the last time that recipients of Social Security benefits saw a cost-of-living increase steeper than the one just announced for 2022. This coming year, benefits will rise 5.9 percent, the sharpest upsurge since 1983’s 7.4 percent jump for Social Security disability and retirement recipients. ...
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Special Needs
All parents caring for disabled children are advised to write down what any successor caregiver would need to know about the child and what the parent’s wishes are for his or her care. This is important whether the child be in a group home, live with a parent, or be on his or her own. The parent knows best, but needs to pass on important information about medical issues, medication, diet, a “day in the life,” housing, outside activities, faith, personal values, finances, expenses, and more. A copy of the memo or letter can be kept in the attorney’s files with the parents’ estate plan. ...
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As long as the beneficiary never receives cash directly from the trust, his eligibility for government benefits will not be compromised. The funds from the trust can be used for services and programs that government benefits don’t pay for but that enhance the loved one’s quality of life, such as transportation, classes, hobbies, and vacations. ...
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