by
S. Paul Prior, Esq.

continued from page 1

The regulations also change the definition of a “resource.” For example, an automobile owned by an SSI recipient is no longer counted. Likewise, personal possessions, regardless of value, are no longer counted.

Special needs trusts are still needed to hold assets which a parents wishes to someday leave to a disabled child. The rules do not change the need for this, but they do make things a little easier for the applicant.

 

 

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