Distinct planning situations are needed when planning for persons with special needs. This course will address several of those planning situations for persons with special needs, as well as trust planning opportunities that can be used to address special needs circumstances, utilizing both the disabled person's funds and the funds of third parties. The course will also describe what planning can be done utilizing the recently enacted provisions of the ABLE Act.
Upon successful completion of this course, participants will be able to:
- Understand how a person's own funds can be placed in a protective special needs trust that allows public assistance programs to be accessed
- Determine what family members can do to assist a person with special needs without losing public assistance benefits
- Describe the techniques that allow family assets to benefit persons with special needs as well as other family members
- Understand how the new ABLE Act allows for the creation of special accounts to benefit disabled family members without requiring more complex trust structures
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