UTMA and 529 Accounts for a Child with Special Needs (Special Needs Alliance: Special Needs Require Special Lawyers.) (Report)
The Exceptional Parent 2010, May, 40, 5
-
- $5.99
-
- $5.99
Publisher Description
Mark has cerebral palsy. He was approved for SSI and Medicaid when he turned 18. His father, Paul, disclosed to the Social Security Administration at the time of application that Mark had $30,000 in a UTMA ("Uniform Transfers to Minors Act") account, and $20,000 in a Qualified Tuition Program (QTP) or 529 Plan. Social Security assured Paul that the UTMA and 529 Plan would not affect Mark's eligibility for SSI benefits. Mark is now 25 years old. In January, Mark received $3,000 from the 529 Plan. He spent $2,800 for tuition and fees. He intends to spend the remaining $200 on books. The distribution was properly reported to the Social Security field office.
More Books Like This
More Books by The Exceptional Parent
ADHD and Executive Functions: Lessons Learned from Research (Research Frontiers: Understanding Science, Unlocking Potential) (Attention Deficit Hyperactivity Disorder) (Disease/Disorder Overview) (Clinical Report)
2008
Improving Social Skills for Children with High Functioning Autism (Research Frontiers: Understanding Science, Unlocking Potential)
2008
From the Classroom to the Family Room: Using ABA for Best Behavior (Education) (Applied Behavior Analysis)
2010
Don't Laugh at Me, Don't Call Me Names (Research Reflections: Children with Asperger Syndrome and Bullying) (Clinical Report)
2008
Meet the New and Improved Section 504 (Insight on Federal Policy) (Section 504 of the Rehabilitation Act of 1973)
2010
Considering Homeschooling Your Child on the Autism Spectrum? Some Helpful Hints and Suggestions for Parents (Autism)
2010