Archives: FAQs
A “special needs” person is someone who requires additional assistance or accommodations due to physical, emotional, behavioral, or learning disabilities. This can include conditions such as autism, cerebral palsy, Down syndrome, dyslexia, ADHD, and more
Amoruso & Amoruso LLP can guide you through the maze of government benefit programs available to help families provide for a special needs child, such as Supplemental Security Income (SSI) and Medicaid. We also can help you establish either a special needs trust or a supplemental needs trust. SSI is a needs-based program that guarantees […]
YES! Though sometimes the terms are used interchangeably, a special needs trust is set up for a disabled person under the age of 65 using his or her own assets while a supplemental needs trust is set up for a disabled person under age 65 by a third party using their assets (NOT the disabled […]
Gifting money can cause a special needs person to lose vital government benefits. Loss or reduction of those benefits can be catastrophic for a special needs person. By setting up and funding a supplemental needs trust for a special needs person, anyone can have trust assets applied for the benefit of the special needs person […]
Amoruso & Amoruso LLP will create a comprehensive estate plan that will address guardianship issues for your child and incorporate the appropriate type of trust to provide funds to care for your special needs child for his or her lifetime without jeopardizing government benefit eligibility. Contact us today to discuss your options.
Amoruso & Amoruso LLP has the experience to support and guide you as to the best way to advocate for the proper education for your child. Often times, the needs of a child are not adequately addressed by the local school system and require legal intervention to ensure that your child receives the best educational […]
When your child attains the age of 18, he or she becomes an adult. However, some special needs children still require a court appointed guardian to manage their affairs. Amoruso & Amoruso LLP has the experience to advocate in court for the appointment of a guardian and standby guardian for your special needs child.
When you set up an appointment with our staff, we will email you our detailed data sheet for you to complete. This data sheet will provide us with important information that we need to assist you. Please fill out our detailed data sheet and send it in prior to your appointment so that our attorneys […]
Let’s start with the good news. The vast majority of us are not subject to federal estate taxes because the current (2021) threshold is $11.7 million for individuals and $23.4 for couples filing jointly. However, assets in excess of these amounts could be subject to federal estate tax. The states of New York and Connecticut […]
While life insurance proceeds may be free from income taxation, they are includible in the gross taxable estate of the policy owner. Thus, while you may think that you have a modest estate, owning an insurance policy with a large face value, coupled with any other assets you own, could make your estate taxable without […]
