A pre-recorded streaming VIDEO replay of one session from the March 2015 live seminar, Drafting Special Needs Trusts and Medicaid Planning.
GAL for Incapacitated Persons Continuing Credits: 3.0
Note: Your GAL certificate may be found at the front of your written materials.
Learn how to provide advice UNIQUE to elderly clients and clients with disabilities. There are special tools used for these clients to help them plan for long-term care.
Drafting Special Needs Trusts
You know what special needs trusts are: These trusts permit beneficiaries to maintain eligibility for needs-based government benefits, such as Medicaid and Supplemental Security Income (SSI), and permit beneficiaries to use the trust funds for goods and services not paid for by these programs.
You know who can be the beneficiaries of special needs trusts:
- Children or adults with disabilities
- Elderly persons (in certain circumstances)
You know when to use special needs trusts: Special needs trusts are used to protect assets of a beneficiary, or assets of a third party for the benefit of a beneficiary, that would otherwise make the beneficiary ineligible for needs-based government benefits.
Now learn how to draft special needs trusts:
- Basic provisions that should be included in all special needs trusts
- Drafting differences between self-settled and third-party special needs trusts
- Troublesome language to avoid
- Designating a trustee
- Administration tips