Training Course Syllabus:
Special Needs Trusts: Planning for Persons With a Disability
Gain the skills necessary to address the special estate planning needs of your disabled clients
Join your colleagues for a comprehensive instruction on the requirements, mechanics and pitfalls of financial planning with special needs trusts (SNTs). This practical seminar will arm you with an arsenal of tools to ensure the very special needs of ALL your clients are met to the fullest. Register today!
- Find creative cost-effective ways to fund special needs trusts.
- Learn about administering SNTs from an experienced trustee.
- Get effective SNT income tax planning techniques.
- Learn how to create hybrid SNT/MSA trusts in personal injury settlements.
- Spot and avoid mistakes that may cause the beneficiary to lose government benefits.
- Stay on the cutting edge of the practice with the latest updates on legislation and important court rulings.
- What is a Special Needs Trust (SNT) and How are They Created?
9:00 - 9:45, George H. Gray
- Statutory Framework
- First Party vs. Third Party SNT’s
- Pooled SNT
- Selection of Trustees
- Administering an SNT: The Trustee’s Perspective
9:45 - 10:45, Lynn M. Carleton and Kevin D. Kinney
- Starting with the Document:
- Trustee Review and Acceptance
- Language re: Disbursements and Specific Actions
- Internal Processing
- Set up
- Investment Strategy
- Working With the Family, Beneficiary and Social Worker
- Annual Reports and Filings
- Payments: Extraordinary and Routine
- Housing: Should the SNT own the Residence?
- Income Taxation of SNT’s
11:00 - 12:00, Dennis C. Stein
- In’s and out’s of Fiduciary Income Tax Return (Form 1041)
- Grantor Trust Rules
- Funding the SNT with Qualified Retirement Assets
- Funding an SNT
1:00 - 2:15, James Traylor
- How Much is Enough?
- Practical Applications of SNT’s
- Use of Insurance
- Medicaid, SSI and SSDI
- Use of SNT’s in Personal Injury Cases
2:30 - 3:15, Brian M. Zorn
- When and why to use a SNT
- Assembling the Team
- Medicaid Liens
- Structured Settlements
3:15 - 4:15, George H. Gray
- Professional Competency
- Who is the Client?
- Conflicts of Interest
- Reasonable Compensation
- Case Studies
4:15 - 4:30, Lynn M. Carleton, George H. Gray, Kevin D. Kinney, Dennis C. Stein, James Traylor and Brian M. Zorn