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Drafting Special Needs Trusts for Vulnerable Clients
March 6 @ 10:00 am$65
Special needs trusts are designed to provide for the long-term care of individuals who are unable to provide for themselves due to physical or intellectual impairments, whatever their age. SNTs are intended to preserve the beneficiary’s eligibility for public benefits—Social Security, Medicare, and Medicaid—while maximizing the private resources of the beneficiary’s family. Drafting distribution clauses and selecting the right trustee to make financial and health care–related decisions for the beneficiary are the essential steps in the planning process. This program provides you with a practical guide to the types of SNTs and the situations in which each is most appropriate, preserving public benefit eligibility, distribution provisions, and trustee selection.
- Planning and drafting issues with special needs trusts
- Types of SNTs and eligibility standards
- Relationship of SNTs to public benefits—Social Security, Medicare, Medicaid, SSI
- Key considerations in drafting distribution clauses
- Choosing individual and institutional trustees, and the use of “pooled trusts”
- Administrative issues in SNTs
1 Practical Skills or General CLE credit