Special Needs Trusts – Benefits & Planning Tool
October 7, 2020
Hosted by Nancy Oriola, LCSW, CMC, NMG, CFP
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Guest Information
Episode Description
In the confusing world of trusts, there is one trust that you will want to know about for your aging loved one and that is the Special Needs Trust. This trust allows your loved one to remain on, or qualify for, Federal, State and other benefits while having funds in trust to assist with approved costs. If you have a sibling or are a parent of an adult with special needs, this is important for you to learn about. If you have a parent under age 65, particularly with limited resources, this will offer an option for funds to be available later while still qualifying for benefits. Join me and two very knowledgeable guests as we talk about the many benefits of using the Special Needs Trust now or for use in future planning.
Aging Life Network
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When families or friends are concerned about or trying to assist an aging loved one, they enter a world with a language of its own. Navigating the healthcare, legal, financial, medical and day-to-day care needs of a senior needing assistance is a significant task. Understanding that world and its language reduces stress and ensures that those we love live their best life, regardless of the current circumstance. We share the most accurate and up to date information available for those caring for loved ones. We talk with experts in the various disciplines related to aging such as doctors, lawyers, financial advisors, neuropsychologists, dementia behavior experts, home care and facility owners/managers, and Aging Life professionals. I also talk with authors of books about the experience of aging and caregiving, as well as those developing new technologies and experts in assisting families with the conflict that often arises under the stress of caring.
Nancy Oriola, LCSW, CMC, NMG, CFP
I am a boomer in a sibling group of five who recently lost her second parent after a difficult illness at age 85. For more than 30 years I have advised others about the topics we will be addressing. I began my professional life as a Certified Financial Planner (1988) and worked for ten years as a financial advisor, focusing in the area of retirement. Following that I obtained a Master’s degree in Social Work and completed the work necessary to become a Licensed Clinical Social Worker. After working in a not-for-profit setting for a few years, in 2001 I started my own private elder care management and fiduciary company; managing both health care and finances for seniors.
I have worked with seniors and their families under court appointed guardianships and conservatorships, powers of attorney for both health and finances, as well as conducting assessments and consultations with families. I continue to develop and offer services to older adults, disabled adults and families through my fiduciary company called Decades, a health care management company called Aging Life, LLC and my most recent venture, Aging Life Network, Inc.
My goal with Aging Life Network is to offer the information described above and more importantly, to provide affordable access to live Aging Life Professionals, who through HIPAA compliant video conferencing and phone calls will speak with individuals and families about their unique situation, providing practical guidance and advice.
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