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Article: Providing and protecting assets: for a loved one with a disability. (Life Planning).
- Article from:
- The Exceptional Parent
- Article date:
- March 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 EP Global Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Government benefits are often a lifeline for people with disabilities and their families, but preserving eligibility while maintaining quality of life can be difficult. Many states across the country have addressed this problem by adopting legislation for community trusts. This article examines one state's solution, The Georgia Community Trust. (This article is not meant to provide financial investment advice.)--The Editors
The transfer of assets by gift or inheritance, although intended to benefit a loved one with a disability, can in fact be depleted by unnecessary expenses that would otherwise have been covered by public assistance programs. Generally, a ...