Why Attend?
- Master the fundamentals of PSNTs and the rules governing means-tested benefits such as SSI and Medicaid so that you can advise your clients on the best strategies for their individual situations
- Examine common requests that make trustees cringe, as well as the logistics of approving challenging disbursement requests; examples will be included
- Learn how to use ABLE as a tool for shelter expenses: ABLE regulations designate most shelter expenses as Qualified Disability Expenses (QDEs)
- Review 2018 updates to the POMS clarifying that distributions from trusts to ABLE are allowable third-party contributions
- Discover what happens to the remainder of funds upon the death of the beneficiary
- Debunk the myth that all PSNTs keep the remainder when the beneficiary passes away
While Trust and Estate Planning attorneys are familiar with Pooled Special Needs Trusts (PSNTs), this presentation will offer a more in-depth understanding of how PSNTs are administered and what practical benefits they offer their clients. PSNTs provide a convenient and cost-effective option for families setting up SNTs for their loved ones with special needs and are designed to preserve means-tested public benefits. While all PSNTs are similar in their mission, there are important differences to be aware of, and knowing what questions to ask is important.
This presentation will also provide comprehensive information about the disbursement process, the scope and constraints of the trust administration’s duty, and a general overview of what the trust can pay for with examples of real-life situations. Third-party payments for shelter (and other in-kind support and maintenance) expenses result in a reduction in the Supplemental Security Income (SSI) recipient’s monthly benefit. With the coordinated use of both a PSNT and an ABLE account, there is a way to avoid this reduction for individuals who are disabled before the age of 26.
| Registration Deadlines: |
| Webcast: |
10 minutes prior to seminar. If you register for a webcast the day of the seminar, your e-mail receipt will include a link to launch the seminar and download the materials. |
| Telephone: |
Online registration ends at 11:59 p.m. the day preceding the seminar
Call (800) 979-8253 to register up to one hour prior to the seminar |
Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE.
Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.
MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.
Can't Attend? E-mail
distance_ed@vacle.org to be notified when/if this program is made available as an online or USB seminar.
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publications@vacle.org to be notified when/if this program's seminar materials are made available for sale.