Monthly Archives: March 2020

IC Media Direct Acknowledges How Important Online Reputation is

Positive reviews can, of course, boost business

New York, NY – March 31, 2020 /MarketersMedia/

Surveys have shown that 9 out of 10 consumers pay attention to online reviews, and are particularly interested in a product if a friend recommends it. ICMediaDirect, a reputable PR company, acknowledges how important online reputation is, and assists brands with monetizing this data. The results of this study were formulated into an infographic by Invesp and they show just how vital word of mouth is in the online sphere. The findings further state that customers will spend up to 31% more money on the services of businesses with “excellent” reviews, and 72% of responders will only make a purchase after seeing a positive review.

While the statistics are applicable to all companies, they hone in on local businesses. A significant 92% of respondents state they would only use a company if it had, at least, a four-star rating on review sites. The stats are broken down further, with reliability (27%), expertise (21%), and professionalism (18%) being deemed the most vital characteristics for a local firm to be associated with. After analyzing this data and more, ICMediaDirect confirms that building up a solid reputation online is just as important for a company as focusing on its offline standing in the local community.

Positive reviews can, of course, boost business, but the analysis proves that negative feedback can have a direct fiscal drain on companies. For example, 86% of potential customers said they would think twice about buying a product from a firm with bad online reviews. What’s more, an extra star on reviews creates a 5% to 9% average rise in revenue for a business, while just one negative review could result in a company losing approximately 30 customers. Receiving positive reviews online translates directly into sales.

ICMediaDirect is a full-service internet reputation and content marketing agency with offices in New York City and Washington, DC. A top firm in the industry with over 20 years of experience, it has helped clients all over the world improve their brand’s potential with online reputation management. An awardee of the New York Excellence Award by the SBIEC for two consecutive years, ICMediaDirect attends a variety of well-known marketing conferences and events throughout the year, including SES, Affiliate Summit, and LeadsCon, where it shares its expertise and techniques with businesses from all over the world.

IC Media Direct – Reputation Management: http://icmediadirectnews.com

ICMediaDirect Online – Reputation Management & Public Relations: http://icmediadirectonline.com

ICMediaDirect – Reviews & Reputation Services: http://icmediadirectreviewsreputation.com

Contact Info:
Name: ICMD
Email: Send Email
Organization: ICMediaDirect.com
Website: http://www.ICMediaDirect.com

Source URL: https://marketersmedia.com/ic-media-direct-acknowledges-how-important-online-reputation-is/88951690

Source: MarketersMedia

Release ID: 88951690

Surviveware’s Waterproof First Aid Kit Receives 50th Amazon Review

Waterproof First Aid Kit Gains 4.9 Amazon Stars for Quality and Reliability

Woodbridge, United States – March 31, 2020 /MarketersMedia/

Surviveware a leading adventure and survival gear retailer, is pleased to announce its newly released Waterproof First Aid Kit has received its 50th customer review on Amazon. The company prides itself on earning the admiration of adventure-seekers and water sports enthusiasts. Surviveware’s innovative take on preparedness and disaster response resulted in the development and creation of this watertight kit.

The heavy-duty waterproof first aid kit for boat and sea travel is the best watertight life-saving pack on the market. This pack combines the comfort of having a reliable sea and boat first aid kit while offering the same level of quality and convenience of a Surviveware kit.

The soft-shell casing of this package is made from 600D TPU polyester, which enables the kit to withstand water exposure for 30 minutes at a depth of 1 meter. Because of this feature, the first aid kit has an IPX7 certification, which makes it ideal for boating and water sport activities.

Surviveware’s Waterproof First Aid Kit owners love the kit’s heavy-duty zippers. The zippers are welded in such a way that water won’t seep through its gaps or openings. Since it’s tightly welded together, kit owners will notice that this boat first aid kit is tougher to zip and unzip. This can be solved by using the lubricating gel and grip adjustment pullers that the bag comes with.

Aside from the protective features that the kit has to offer, this watertight kit contains carefully curated supplies and tools. The 2.35 lb package, which can be readily purchased on Amazon Prime, includes life-saving essentials such as adhesive bandages, gauze swabs, an emergency blanket, and eye pads. It also has nitrile gloves, hydrogel, hypo-allergenic tape, safety pins, cleansing wipes, wound strip closures, and a triangular bandage. Surviveware’s waterproof first aid kit for boats also contains splinter probes, cotton buds, and a tweezer to this pack. Moreover, the bag also includes a CPR kit and a first aid handbook.

Like its predecessors, the waterproof first aid kit offers ample space for additional items like prescription medication, creams, or Epi-pens. Owners have space and ability to customize the pack by adding their personal gear and EDC items in a separate pocket inside the bag.

Another great feature of the Waterproof First Aid Kit is the MOLLE-compatible system and rings. These elements increase the portability and convenience that the Surviveware waterproof first aid kits for boat and sea travel offers. The MOLLE straps lock it in place and provide more options for securing the bag to any bar, handle, hook, or headrest. It also comes with D-rings that enable it to be attached to hooks.

Since its launch, the kit has gained positive feedback from users. In the following review written by an Amazon customer who lives near the ocean, he shared how the bag captured his respect:

“I decided to see what this kit could do. Since I live in the middle of the ocean, what better way then to strap it on the front of the Paddleboard and see how it would hold up after a couple of hours in the pounding waves of the great Pacific. How did it do… 5 stars. Bone dry, and so easy to open with the large zipper pull tab. Sure it is a tight zipper, but it needs to be to keep everything dry. The kit is thoughtfully put together. Almost everything that anyone would need in any situation that should be handled without medical professionals. Everything is clearly labeled and organized. Great job, Surviveware!!”

Gear up your boat with this heavy-duty watertight first aid kit. Place your order now and be one of the first outdoorsy individuals to own a Surviveware Waterproof Boat First Aid Kit. Grab one today by clicking here.

Contact Info:
Name: Amanda Condry
Email: Send Email
Organization: Surviveware
Phone: 703-910-5188
Website: https://surviveware.com

Source URL: https://marketersmedia.com/survivewares-waterproof-first-aid-kit-receives-50th-amazon-review/88950622

Source: MarketersMedia

Release ID: 88950622

UYAA Announces Strategic Cooperation Agreement with Famous Design Award “Rhino Award”

UYAA recently announced a strategic cooperation agreement with the famous design award Rhino Award.

NEW YORK – March 31, 2020 /MarketersMedia/

UYAA recently announced a strategic cooperation agreement with the famous design award Rhino Award.UYAA opens the door for young designers who have the ability and dreams around the world. The purpose of the platform is to allow young designers to have a larger stage, gain a broader vision and seek higher feedback for them. UYAA hopes that not only will young designers get more attention from inside and outside the industry, but also strengthen cooperation and sharing among young designers.

It is reported that UYAA has begun operations as early as 2018, and has achieved great results. It has organized and participated in many multinational design competitions and has cooperated with leaders in the design industry and well-known institutions. Last year we reached in-depth cooperation with the Rhino Award, a very influential design competition in China. It is understood that the “Rhino Award” was organized by Xiamen University Tan Kah Kee College, a well-known university in China. The first competition took the college student group as the entry point and successfully attracted 362 well-known colleges and universities in China to participate, and more than 3,000 outstanding designs , There are also many academic top figures and business leaders in the Chinese design industry.

The first “Rhino Award” aims to build a platform for talents of global design majors to showcase their talents and exchange and cooperation. The Rhino Award provides new opportunities for the industrialization and commercialization of the winning work. We at UYAA also provide positive services to enhance the global perspective of younger designers. UYAA’s next step is to incubate excellent design works with the characteristics of a new era, allowing valuable designs to reap economic benefits. Many of the Rhino Award’s hosting concepts coincide with the original intention of UYAA.

In the future, UYAA said that it will make every effort to focus on young designers around the world. With the vision of providing young designers with a bigger, stronger and fairer stage, integrate industry resources, gather media power, and provide better services for the growth and discovery of designers.
The association expressed the hope that more young designers will join the association to contribute to the future of young designers and write together the legendary history of young designers.

Contact Info:
Name: Croad lee
Email: Send Email
Organization: UYAA
Website: http://www.rhino-award.cn

Source URL: https://marketersmedia.com/uyaa-announces-strategic-cooperation-agreement-with-famous-design-award-rhino-award/88950929

Source: MarketersMedia

Release ID: 88950929

New Eyelash Extension Outlet Now Open in Bugis Serving More Clients in Business District

Good news to all women out there. A renowned aesthetic salon has just recently announced their new eyelash extension outlet located in Bugis Singapore.

Singapore, Singapore – March 31, 2020 /MarketersMedia/

The new eyelash extension outlet is located in 8 Liang Seah Street, #02-03, Singapore. The Eyelash Extension Bugis outlet offers a variety of treatments such as Eyelash Extension, Collagen Lash Lift and Eyebrow Embroidery.

Clients can easily customize their lashes with the use of different curls and designs depending on one’s preferences and needs. The Collagen Lash Lift treatment includes keratin tint and semi-permanent mascara treatments that help enhance the natural lashes. Their Eyebrow Embroidery is known for their powdered misty brow embroidery that’s painless and has zero downtime, resulting in more natural-looking brows.

Ladies around Bugis street and Bugis village can take advantage of their services offered especially those office ladies whose working places are near to their new outlet. The aesthetic salon uses the world’s first laser processed lashes, now ladies can enjoy a Featherlite experience and benefit from its anti-allergy protection, that’s also 25% longer lasting without having to damage the natural lashes. An awesome way to pamper one’s self, feel more confident and pretty at the same time.

Along with the successful announcement of their new outlet is their effective online marketing strategy implementation together with a digital marketing agency in Singapore.

The salon understands the importance of SEO in Singapore since most people nowadays are looking for eyelash information over the Internet. And one way to establish their web presence and accommodate online queries is through search engine optimization, and Outrankco, a Google certified SEO agency in Singapore, seemed to be implementing the SEO strategies effectively.

Outrankco helps to boost their search engine research pages (SERP) rankings, making it to the top so that more and more customers can see them online.

To get more information on this digital marketing agency, you may click here: https://outrankco.sg/
Driving direction: https://www.google.com/maps?cid=17158903996097548981

Contact Info:
Name: Chris Tan
Email: Send Email
Organization: Outrankco
Address: LINK@AMK, 3 Ang Mo Kio Street 62, #02-02, Singapore 569139
Phone: +65 8917 6725
Website: https://outrankco.sg/

Source URL: https://marketersmedia.com/new-eyelash-extension-outlet-now-open-in-bugis-serving-more-clients-in-business-district/88951182

Source: MarketersMedia

Release ID: 88951182

Leading Estate Planning Lawyer Guy Garner Reveals Essential Facts Surrounding Asset Protection & Lawsuits – Arlington, TX

Top asset protection attorney Guy B. Garner, III, who recently merged his 40-year law practice with Haiman Hogue in Arlington, TX, reveals key facts regarding your financial estate when facing a lawsuit. For more information please visit https://www.haimanhogue.com

Arlington, TX, United States – March 30, 2020 /MM-REB/

In a recent interview, asset protection attorney Guy B. Garner, III, who recently merged his 40-year law practice with Haiman Hogue in Arlington, TX, has just revealed key things that will help protect your financial estate when facing a lawsuit.

For more information please visit https://www.haimanhogue.com

When asked to comment, Garner said, “Here are a couple of key things to keep in mind to ensure your hard-earned assets are protected if you fall into legal trouble.”

Using sophisticated legal structures when transferring your assets to another name is vital to keeping your wealth secure.

“Transferring your estate from your name to a close family member is tempting when you are faced with a lawsuit. You might think that this is a good way to continue controlling your estate,” he said.

However, Garner says, things can quickly take a turn for the worse. The person you entitle your wealth to could also wind up in legal trouble, putting your assets at risk.

When asked to elaborate, he said, “For instance, if you place your estate in your spouse’s or another relative’s name and they get sued after being in an accident, your assets could be fair game. Matters could become even more complicated if you decide to get a divorce after placing your financial estate in your spouse’s name.”

This type of transfer could be perceived by the courts as fraudulent.

Fraudulent transfers are defined as transferring assets to another person at a less than reasonable equivalent value to try to defraud the creditor.

“Transferring your funds right as you’re in legal trouble could look suspicious and make it seem as if you’re trying to avoid paying back any debt, which is not the primary purpose behind asset protection planning.”

For this reason, Garner explains, it’s crucial to begin the asset planning process in advance.

“Ideally, asset planning should start before you are faced with legal issues. Any transfer of wealth done after you know you are in legal trouble could be deemed as fraudulent, which often involves hefty penalties. This is more common than people think,” he commented.

If asset planning isn’t done in advance, then there’s also the chance that the court could ask for assets that were transferred be paid to creditors.

“Early planning also means that you and an experienced asset planning attorney have more time to work to put together a solid plan, which should include estate planning for when someone passes away, as well as business and tax planning,” he said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Guy B. Garner
Email: Send Email
Organization: Garner Law Firm, P.C.
Address: 690 E Lamar Blvd #115, Arlington, TX 76011
Phone: 817-261-5222
Website: https://www.garnerlawfirm.com

Source: MM-REB

Release ID: 88951136

Leading Estate Planning Attorney Michele Ungvarsky Debunks Myths Surrounding Medicaid & Nursing Home Fees – Las Cruces, NM

Top-rated estate planning lawyer Michele Ungvarsky, founding partner at E-Law in Las Cruces, NM, reveals the common myth surrounding Medicaid. For more information please visit https://www.estradalawpc.com

Las Cruces, NM, United States – March 30, 2020 /MM-REB/

In a recent interview, top-rated estate planning lawyer Michele Ungvarsky, founding partner at E-Law in Las Cruces, NM, debunked myths surrounding Medicaid.

For more information please visit https://www.estradalawpc.com

When asked for a comment, Ungvarsky said, “One of the best things you can do in planning for elderly care is to have your financial ducks in a row when it comes to Medicaid. However, many people have Medicaid misconceptions, which often hinders the planning process. Here are some of the most common myths.”

One of the biggest misunderstandings about Medicaid is that it’s often confused with Medicare.

When asked about the difference between the two, she said, “Medicare is short-term insurance that provides only limited coverage for care in a nursing home. So if a patient has stayed in the hospital for at least three days, Medicare covers all nursing home costs for the first 20 days and 80% of all costs until day 100.”

Medicaid, on the other hand, is used to pay for long-term care in nursing homes.

This is a vital difference to understand considering that, on average, in the U.S., a private room in a nursing home costs $110,380 annually and $89,292 per year in a semi-private room, according to Genworth’s Cost of Care Survey.

Another widespread myth is about who can qualify for Medicaid, as most people think that they must be impoverished to apply.

When asked to elaborate, she said, “In order to qualify for Medicaid, you must only have $2,000 in countable assets, and a non-applicant spouse can only have $31,290 of countable assets. While this is certainly true, there are workarounds such as exempt and non-countable assets. Make sure to consult with a seasoned estate planning attorney to learn more about how you can ‘spend down’ some assets to meet this Medicaid qualification.”

Ungvarsky was quick to add that Medicaid sets the limit on monthly income to only $2,349.

“Again, similar to working around the limit for assets, applicants can still qualify for Medicaid even if they make more than the set income limit. For instance, you might be able to transfer a portion of this income to a spouse to meet or fall under the limit,” she said.

Another misconception is that the time is never right to plan for Medicaid.

“There’s never a bad time to begin Medicaid planning. You can start even if you or your loved one are years away from needing out-of-home care for the long term. Or you can even begin the planning process after a loved one is already in a nursing home facility.”

However, Ungvarsky pointed to the fact that the later the planning begins, the more limited options are on the table, so the earlier, the better.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Michele Ungvarsky
Email: Send Email
Organization: E-Law, PC
Address: 1340 Picacho Hills Dr, Las Cruces, NM 88007, USA
Phone: 575-556-2462
Website: https://www.estradalawpc.com

Source: MM-REB

Release ID: 88950735

Renowned Criminal Defense Attorney Saul Bienenfeld Reveals How To Find The Best Attorney For Your case – New York, NY

Top Rated criminal defense attorney Saul Bienenfeld founding partner at Bienenfeld Law in New York, NY, outlines the key things to look for when trying to find the best lawyer for your case. For more information please visit https://bienenfeldlaw.com

New York, NY, United States – March 30, 2020 /MM-REB/

In a recent interview, leading criminal defense attorney Saul Bienenfeld in New York, NY, revealed how to find the best lawyer for a criminal case.

For more information please visit https://bienenfeldlaw.com/

When asked to comment, Bienenfeld said, “Selecting a defense attorney to clear you of criminal charges is not a decision to be taken lightly. Here are some things to keep in mind before hiring the right legal representation for you.”

Finding a criminal attorney who has practiced in your geographical area, according to Bienenfeld, “could be a considerable advantage in your case.”

“Many people who don’t have extensive experience in the criminal system might not realize that policies and procedures differ from one courthouse to another, which is why it’s crucial to find a local attorney that often goes to trial where your case is pending,” he added.

When asked for an example, he stated, “Working regularly in the same county allows for defense attorneys to predict how a prosecutor will plea or argue a case so that they can devise a strategy accordingly for their client.”

In addition to this, he added, defense attorneys who regularly work at a particular location can make use of their contacts in law enforcement and the justice system to build the best defense possible.

When looking to hire a criminal attorney, he said, “Narrow your search to find someone who often handles similar cases to yours.”

“The world of the criminal justice system is vast, meaning that one criminal defense lawyer might have expertise in drug offenses while another might specialize in white collar crime such as embezzlement,” he said.

He went on to say, “One of the best ways to vet a potential attorney is through asking a series of questions such as how many people they’ve represented for the same crime, what percentage of cases their firm currently handles that is similar to yours, and how often they go to trial in the same courtroom where your case is pending.”

Communication is a crucial characteristic to look for in finding the right representation.

When asked to elaborate, Bienenfeld said, “Clear and open communication is one of the most important factors in the attorney-client relationship. A seasoned attorney should be able to clearly explain to you all aspects of your case and be available for communication during the case.”

Source: http://RecommendedExperts.biz

Contact Info:
Name: Saul Bienenfeld
Email: Send Email
Organization: Bienenfeld Law
Address: 450 7th Ave #1408, New York, NY 10123
Phone: (212) 363-7701
Website: https://bienenfeldlaw.com

Source: MM-REB

Release ID: 88950275

€5M in Credits Provides Access to Amazon-Style Technologies to Fund eCommerce Merchants

Growth marketing technologies company Omniconvert is offering €5M in credits to SMBs to support them during the current economic situation during the coronavirus pandemic.

March 30, 2020 / /

Bucharest-based Omniconvert is providing relief credits to eCommerce merchants, with the purpose of helping SMBs to survive during the Covid-19 pandemic.

As the medical challenge of managing Covid-19 becomes a real threat in a great number of countries, it has become clearer than ever before that the level of economic uncertainty is getting higher. In the coming days, the most affected companies will be SMBs, which must find new ways of making their marketing efforts work more effectively. These businesses must be able to get more out of their marketing investments and to measure and account for marketing decisions. In short, they must make significant changes.

Professor John Quelch, of Harvard Business School, who has analyzed the last economic downturn, says: “In a recession, consumers become value-oriented, distributors are concerned about cash, and employees worry about their jobs. But, a downturn is no time to stop spending on marketing.” Clearly, the economy must go on, but in this regard, the most vulnerable companies will be SMBs.

Omniconvert was set up for the purpose of helping small & medium-sized eCommerce companies to not only survive but to thrive. Since 2013, they have been helping hundreds of eCommerce companies improve their conversion rates. Their Amazon-like technology empowers marketers to understand and nurture their customers better through surveys, to segment them automatically by using RFM analysis, to run AB tests, and to personalize their websites, all so that they can generate more revenue from their existing traffic and emails. Although they are a small company, their solution is better rated on G2.com than that of others, including major players, such as Adobe or Google.

Omniconvert and the company’s board of investors have decided to offer credits, with a total value of €5M, for all eCommerce companies with fewer than 100 employees, in these affected verticals:

– Travel
– Beauty & Cosmetics
– Retail groceries
– Fashion
– Sportswear & sports equipment
– Books & entertainment
– IT & home appliances
– Home & Garden
– Marketplaces

A spokesperson for Omniconvert said: “We are not doctors or nurses. We’re not a hardware company, and we cannot print components for ventilators. However, we cannot just sit and wait with our arms folded for things to get back to normal. What we are going to do is support hundreds of eCommerce merchants all over the world by passing on the benefit of our technology and expertise.”

Agencies wishing to join the cause are invited to write to Omniconvert by email.

About Omniconvert: Omniconvert is a company that develops growth marketing technologies for eCommerce companies, based in Bucharest, Romania. Omniconvert is backed by one of the leading European technology-focused private equity and venture capital firms, 3TS Capital Partners. Investors in the current and past 3TS funds totalling over €300 million include EIF, EBRD, Cisco, and many others.

For more information about Omviconvert and the relief credits that they are offering eCommerce businesses, visit their website at https://www.omniconvert.com/ecommerce-relief-credits/. For press enquiries, please contact Juliana Jackson by emailing contact@omniconvert.com, calling +40 770 188 987 or writing to SC OMNICONVERT SRL, Vasile Stroescu Street 14, District 2, Bucharest, Romania.

Contact Info:
Name: Juliana Jackson
Email: Send Email
Organization: Omviconvert
Address: SC OMNICONVERT SRL, Vasile Stroescu Street 14, District 2, Bucharest, Romania
Phone: +40 770 188 987
Website: https://www.omniconvert.com/ecommerce-relief-credits/

Source:

Release ID: 88951713

Top Rated Accountant & CPA Pauline Ho Debunks A Common Bookkeeper Myth Regarding Small Business Accounting – Orlando, FL

Leading Business Accountant Pauline Ho, head accountant at Laus Consulting in Orlando, FL, explains the popular myth about bookkeeping when it comes to small business accounting. For more information please visit https://lausconsult.com

Orlando, FL, United States – March 30, 2020 /MM-REB/

In a recent interview, Pauline Ho, head accountant at Laus Consulting in Orlando, FL, debunked one popular myth about bookkeeping when it comes to small business accounting.

For more information please visit https://lausconsult.com/

When asked to comment, she said, “One of the biggest misconceptions that small business owners have about accounting is that bookkeepers can function as the chief financial officer. Both positions play massively different roles in the running of a small business. Here’s everything you need to know.”

Ho mentioned that it’s essential to know what bookkeepers can and cannot do for a small business.

“The thing here to keep in mind is that bookkeepers have their limitations. The truth of the matter is that most bookkeepers aren’t always able to provide the financial assistance that small businesses really need.”

According to Ho, the majority of bookkeepers are able to record basic business transactions, reconcile accounts, and do clerical functions. These functions include paying bills, sending invoices to customers, and payroll.

“Outside of these roles, there’s not much that a bookkeeper should do in managing the finances of a small business. Relying on a bookkeeper for other tasks could be detrimental for the future of your business,” she added.

When asked to provide some examples, Ho said, “The tasks that most bookkeepers are not adequately trained to do include setting up accounting systems, creating and managing a budget, interpreting financial results, providing business advice, and preparing financial reports that are based on accounting principles.”

Ho was quick to add that bookkeepers still play a vital aspect in everyday operations of a small business – with the oversight of a seasoned CFO or accountant.

“More often than not, bookkeepers simply haven’t received the same education as a qualified accountant. Because they don’t have formal training, many never learned correct bookkeeping practices. Even when you do employ a bookkeeper at your business, make sure they are working closely with a CFO or accountant,” she added.

With all this in mind, Ho pointed out, hiring a qualified accountant or CFO can both help a new or growing business set up shop and get a decent handle on the business’ finances.

“If you’ve found that your bookkeeper is handling all if not most of the business’ finances, then the best thing to do is to bring more qualified professionals on board to ensure that your back office is set up and everything operates smoothly,” she said.

Source: http://RecommendedExperts.biz

Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814, USA
Phone: 407-401-9768
Website: https://lausconsult.com/

Source: MM-REB

Release ID: 88950733

Top Rated Estate Planning Attorney Fred Haiman Reveals Key Questions Parents Considering Special Needs Trusts Should Ask – Frisco, TX

Top estate planning attorney Fred Haiman, partner at Haiman Hogue in Frisco, TX, has just recommended the top questions parents should ask if they are considering a special needs trust for their child. For more information please visit https://www.haimanhogue.com

Frisco, TX, United States – March 30, 2020 /MM-REB/

In a recent interview, leading estate planning attorney Fred Haiman, partner at Haiman Hogue in Frisco, TX, has just revealed three key questions that parents who are considering special needs trusts should ask.

For more information please visit https://www.haimanhogue.com

When asked to comment, Haiman said, “Setting up a special needs trust is complicated, but it could be the only solution for many families to ensure ongoing quality of life for their disabled children. One of the absolute worst things that can happen to a special needs person is for them to receive an inheritance outright. This can result in loss of government benefits like Medicaid and Supplemental Security Income (SSI). Here are a couple of questions to make the process go more smoothly.”

One of the most crucial questions that parents should ask, according to Haiman, is what the trust will be used for.

“Special needs trusts allow your child to be eligible for much-needed government assistant programs while still receiving trust money. The money in the trust could be used on things not covered by government programs such as insurance, transportation, and equipment such as a customized van,” he said.

Funds set aside in a special needs trust could also be put toward further improving quality of life, such as activities like going to the movies or vacation or equipment like computers.

Another question to ask, Haiman says, is how the parents plan to fund the trust.
When asked to elaborate, he commented, “The earlier the trust is created, the easier it will be to start putting money away. If both parents are healthy, then it might be a good idea to make the special needs trust the beneficiary of any life insurance policy or retirement benefits.”

“Parents with special needs children could also consider asking extended family and friends to leave gifts and inheritances to the trust,” he added.

Deciding on who will manage the special needs trust is also essential.

“While you’re alive, you’ll be able to manage the trust, however, after passing, those responsibilities will fall onto someone else to ensure that your trust will be executed the way you want and intend it to be,” he commented.

Haiman recommends, depending on the size and complexities of the trust, it might be a better idea to consider a neutral third-party such as a professional trustee or a team of advisors, instead of opting for family members to manage the trust.

“Many people decide to put their other children in charge of the trusts, but this often leads to complications.”

Source: http://RecommendedExperts.biz

Contact Info:
Name: Fred Haiman
Email: Send Email
Organization: Haiman Hogue, PLLC
Address: 999 18th St #30002595 Dallas Parkway, Ste. 100, Frisco, Texas 75034
Phone: 469- 893-5337
Website: https://www.haimanhogue.com

Source: MM-REB

Release ID: 88950738