ERIC Number: EJ866344
Record Type: Journal
Publication Date: 2009-Nov
Reference Count: 0
An Affordable Proposal for Guardianship: The Special Needs Tax Credit Bill
Vogel, Jaret L.
Exceptional Parent, v39 n11 p28-29 Nov 2009
It was November of 2006, when the author was attending a guardianship conference in Ft. Lauderdale. The author attended as Prosperity Life Planning (www.prosperitylifeplanning.org) a small, educational nonprofit organization, through which he educates and advocates for parents through the special needs planning process with area attorneys, benefit consultants, tax and investment professionals. Through numerous free consultations, the author met families with one, two, even three young adults with special needs; parents who were surprised to learn they were no longer the legal guardians of their 18-year-olds or older kids. Surprise turned to shock when they learned that full guardianship might cost $5,000 in attorney, specialist and court fees. Because of this, the author and Karen, a tax expert and accountant, immediately began a petition drive through their planning workshops and their website. A "refundable tax credit" from the IRS would be available for someone who paid the expense for guardianship and/or a Special Needs Trust, up to a maximum amount of $5,000. In this article, the author shares how the idea for the Special Needs Tax Credit (SNTC) proposal for guardianship was born. The SNTC proposal offers a sensible and affordable "soft-dollar" approach to solving this problem, while possibly reducing expenses to the court system. If more people who need a guardian have one, there may be less expense for Guardians Ad Litem, or court-appointed emergency guardianship, when no one has previously appointed.
Descriptors: Tax Credits, Young Adults, Nonprofit Organizations, Child Care, Special Needs Students, Child Advocacy, Lawyers, Legal Aid, Legal Problems, Social Services
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A