We are committed to safeguarding the health of our attendees and speakers. This seminar has been moved to an online format due to public health concerns.
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 supplemental needs trusts. 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. Order today!
- Find creative, cost-effective ways to fund supplemental needs trusts.
- Gain practical tips for accurate assessment of the client's present and future disability and needs.
- Plan ahead - know what counts as a qualified expense in ABLE vs. SNT accounts.
- Battle the stigma of government assistance by tactfully educating your clients on their options.
- Spot and avoid mistakes that may cause the beneficiary to lose government benefits.
- Gain practical examples of the must-have provisions to include in special needs trusts.
- Utilize the expertise of your colleagues and address the most pressing issues of everyday practice in the course of an engaging discussion.
- Help your clients select a reliable trustee by advising them on key trustee selection criteria.
- Stay on the cutting edge of the practice with the latest updates on legislation and important court rulings.
- Hear it from the seasoned attorneys: 10 rookie drafting mistakes everyone's made and how you can easily avoid them.
All times are shown in Mountain time
- WHAT ARE SPECIAL NEEDS TRUSTS? - THE TRUTHS AND FALSEHOODS
9:00 - 10:30, Written and Presented by Michael E. Kiefer
- Definition of Special Needs Trust
- Federal and State Legislative Update
- What SNTs Can and Cannot Do for Your Client
- Types of Special Needs Trusts:
- Self-Settled Trusts
- Pooled Account Trusts
- Third-Party or "D4A" Trusts
- Medicare Set-Aside and Payback Trusts
- Progressive Alternatives to SNTs
- ABLE ACCOUNTS: AN SNT ALTERNATIVE
10:45 - 12:15, Written and Presented by Michael E. Kiefer
- ABLE Act: Federal Rules and Related Proposed Federal Legislation
- State ABLE Programs Progress
- ABLE Account Eligibility
- Contribution Limits
- Qualified Expenses
- ETHICAL CONSIDERATIONS
1:15 - 2:15, Written and Presented by Evan S. Hobbs
- Representing Mentally Incapable Clients
- Representing Clients with Diminishing Capabilities
- Representing Competent Clients with a Physical Disability
- Additional Duties of Attorneys Serving as Trustees
- Attorney Fees Determination and Collection
- Avoiding Conflicts of Interest
- DRAFTING A SOLID SUPPLEMENTAL NEEDS TRUST - SAMPLE TRUST REVIEW AND ANALYSIS
2:15 - 2:45, Written and Presented by Marla M. Castner
- Helping Your Clients Choose the Right Option
- Essential Provisions of the Trust
- Which Provisions to Avoid and Why
- What Items Can be Purchased with Trust Funds in Severe Disability Cases?
- Phrasing the Future of the Beneficiary - Choose Your Words Carefully
- Preserving the Government Benefits
- 10 Rookie Drafting Mistakes Everyone's Made and Could Have Avoided
- Revising Existing SNTs
- Trust Funding Strategies
- TAXATION AND ADMINISTRATION OF SPECIAL NEEDS TRUSTS
3:00 - 4:30, Written and Presented by Marla M. Castner.
- SNTs as Grantor Trusts
- SNTs as Nongrantor Trusts
- Nongrantor Trusts: Tax-Related Responsibilities of Trustees
- Income Taxation of the SNT
- Annual Tax Returns and Tax Payments
- The In's and Out's of Fiduciary Income Tax Return (Form 1041)
- Tax Reporting at Termination of SNT
- Gift and Estate Tax Issues for SNTs
This intermediate level seminar will be an ideal resource for:
- Trust Officers
- Accountants and CPAs
- Financial Planners