| MCLE Credit: | 2.0 (Ethics: 0.0) |
| Live-Interactive Credit: | 0.0 |
| GAL for Incapacitated Persons CE Credit: |
2.0 (GAL Information) |
| Designation Credit: | 2.0 Trusts and Estates Practice (Designations Information) |
| Price: | $149 (Includes a downloadable audio version.) |
| Viewable Through: | 08/31/2024 |
$149.00 (or 2 Bundle Credits)
A pre-recorded streaming video replay of the August 2021 webcast, Fundamentals of Pooled Special Needs Trusts and the Disbursement Process: Suggested Best Practices.
While Trust and Estate Planning attorneys are familiar with Pooled Special Needs Trusts (PSNTs), this presentation offers 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 also provides 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.
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