Special Needs Trust Administration: Distributions, Income Taxation, Trust Accounting, Pitfalls to Avoid
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE video webinar with Q&A
This CLE course will provide elder law attorneys and trustees guidance on the challenges of administering special needs trusts (SNTs) and methods to overcome them. The panel will discuss methods in handling administrative pitfalls that arise due to poorly drafted SNTs, income taxation, trust accounting, eligibility rules for means-testing programs, and other key items that must be considered in the administration of SNTs.
Outline
- SNT overview
- Distributions
- Tax and accounting issues
- Handling poorly drafted SNTs
- Pitfalls to avoid
Benefits
The panel will review these and other key issues:
- What are the different types of SNTs and common issues in administration?
- What are the duties of the trustees of an SNT?
- What issues must counsel be aware of when advising trustees of SNTs?
- What recourses are available for the administration of a poorly drafted SNT?
- What are the tax and accounting issues to consider in the process?
- What issues arise in distributing SNTs and what are methods to overcome them?
Faculty
Brandon Arkin
Attorney
Solkoff Legal
Mr. Arkin represents the elderly, the disabled and their caregivers in all facets of Elder Law including Estate... | Read More
Mr. Arkin represents the elderly, the disabled and their caregivers in all facets of Elder Law including Estate Planning, Asset Protection Planning, Public Benefits, Incapacity Planning, Veteran Benefits, and Special Needs Planning. He gained a passion for helping the elderly after watching his own family struggle to afford the care his grandparents needed. Mr. Arkin witnessed how his family was harmed by misinformation regarding Public Benefits and the difficulties they had in navigating the governmental bureaucracy involved with obtaining Medicaid and Veterans Benefits.
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Shannon Laymon-Pecoraro
Shareholder
Hook Law Center
Ms. Laymon-Pecoraro is a Shareholder of Hook Law Center, P.C. practicing in the areas of elder law, special needs... | Read More
Ms. Laymon-Pecoraro is a Shareholder of Hook Law Center, P.C. practicing in the areas of elder law, special needs planning, estate and trust administration, estate planning, asset protection planning, financial planning, guardianships and conservatorships. Prior to joining the firm in 2012, Ms. Laymon-Pecoraro handled estate planning documents for members of the United States Department of the Army and has been involved in the legal representation of several large corporations.
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