- Special Needs Trusts (SNTs)
- The Basics
- SNT and Malpractice
- Available Public Benefits for Persons With Disabilities
- Drafting a (d)(4)(A) SNT
- Drafting a (d)(4)(c) SNT
- Distributions and Disbursements from SNTs
- Administration and Taxation of SNTs
- Litigation Aspects of Establishing SNTs
- Common Problems in SNT Administration
- SNT Forms
- Medicaid Planning
- Medicaid Appendix
This comprehensive, stand-alone publication is direct from a February 2015 seminar sponsored by Virginia CLE® in cooperation with the Section on Criminal Law of the Virginia State Bar.
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
Are your clients concerned about how they are going to pay for long-term care in a nursing home? Unless they are able to afford more than $50,000–$100,000 a year to pay for the nursing home, they will need to do some long-range planning.
Are they worried about the level of care Medicaid will provide?
Are they worried about impoverishing the non-institutionalized spouse?
Review the rules for Medicaid eligibility and learn how to put them to use in fact-specific situations. Listen as Tim Palmer demonstrates specifically how to use the rules to for asset and income preservation allowed under Medicaid law. He will use different scenarios and discuss the Medicaid planning options available for each.