Category: Articles

Cost-of-living adjustments (COLA) provide a measure of relief from the effects of inflation for those who rely on Social Security disability benefits to replace lost wages. The federal government uses the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) to determine annual COLA increases to disability benefit payments through the Supplemental Security..

A Special Needs Trust is a tool used to benefit an individual who suffers from a disability. A settlor creates the trust, a trustee manages the trust, and the beneficiary is the person who benefits from the trust. These trusts can be revocable or irrevocable. The trust owns the assets and the beneficiary does not..