Jon Elfin, Special Needs Financial Planning

Promising improvements for the disabled a focus for the Biden's administration.... https://bit.ly/3nGLInv

Most families with special-needs children struggle with who they should name as successor trustee of a Special Needs Trust once they are gone. Often, they default to siblings of the special needs individual. But that person may not have the desire or skills needed to be a Trustee, among other potential issues. A solution is to name a Trust Protector (which could be a sibline) to monitor the trustee and look out for the beneficiary's interests. Read below for more information, and let me know if you have any questions. https://bit.ly/2IZr4jf

The IRS recently published final regulations for ABLE accounts. Let me know if you have any questions.... https://bit.ly/36PrO2u

I am fortunate enough to be on a Diversity, Equity and Inclusion task force in my Provisors group, run by Stafford Jacobs and Lanie Denslow. On Friday they introduced to me a YouTube series called "Uncomfortable Conversations with a Black Man", this episode featuring Chip and Joanna Gaines and their family. I think this is an excellent series featuring honest but respectful conversations, enabling us to hear perspectives of people that have much different experiences from one another, resulting in, I hope, better understanding and progress for equality. https://bit.ly/2H4FQEL

It seems like "blended families" today are more of the norm than exception. Although quite common, estate plans for these families are more complicated, often requiring some extra steps that non-blended families don't need to take. Please read below to find out more.... https://bit.ly/2HMkAUh

If you are a Representative Payee for someone receiving SSI or SSDI, know the rules! Read below, and let me know if you have questions.... https://bit.ly/3ls2R2S