The terms “special” and “supplemental” are often used interchangeably. Frequently, “special” refers to a first party, or self-settled trust, while “supplemental” refers to a trust settled by a third party which supplements basic food and shelter. Other sources define “special” as one in which the trustee has limited discretion to make distributions, whereas “supplemental” is… Read More »
Blog Posts Page 13
When Family Wants to Help Your Child with Special Needs
Very often a family member such as a grandparent, aunt or uncle or even a sibling would like to give the disabled individual a cash gift or other assets. Although the services available through government benefits are substantial, the actual cash benefits are not. Outright gifts might cause the disabled person’s assets to increase above… Read More »
Providing for the Future of Your Special Needs Child
For many years, we have provided for our loved ones with special needs and serious disabilities. We have taken them to occupational/physical/speech therapists. Found special camps. Had endless meetings with our school districts. Driven countless hours. Shopped with love for just the right gift to bring a smile. Bought a special outfit. In general, we… Read More »
Planning for the Future of Your Special Needs Child
If you are the parent of a child with special needs as I am, you know that one of our greatest fears is how our children will be taken care of when we are no longer able to do so ourselves. Even worse, our fear only becomes greater as our children get older and we… Read More »
Your Federal Tax Dollars at Work—A Small Business Online Community
A great resource for any small business is Business.Gov Here you will find many of the tools you need to start and operate a small business successfully. Within this site, the Small Business Administration operates a government-sponsored online community where business owners can discuss and share information. Additionally, there are many articles and tips for… Read More »
Choosing the Business Entity That’s Right for YOUR Small Business
If your business is located in Nassau or Suffolk County, Long Island, New York, there are four (4) main types of business structures to choose from: Sole proprietorship: In both Nassau and Suffolk Counties, a business that is operating as a sole proprietorship must register with the County Clerk in the county in which it… Read More »
7 Things Your Small Business Lawyer Can Do For You
Small business lawyers: Assist clients in deciding which entity is right for their small business by describing the benefits and liabilities of each type of entity (corporations, limited liability companies, partnerships); Research the availability of the business name you’ve chosen, and follow New York’s rules regarding business names. Additionally, a trademark search should be conducted… Read More »