Impact of Tax Reform on ABLE Accounts and Special Needs Trusts: Guidance for Elder Law Attorneys
Recording of a 90-minute CLE webinar with Q&A
This CLE webinar will offer elder attorneys guidance on navigating the intricacies of ABLE accounts and special needs trusts in light of the 2017 tax reform law. Our panel will discuss how tax reform changes the taxation of these critical planning tools, techniques for avoiding pitfalls in structuring, and their interplay with other planning strategies.
- Overview of ABLE accounts
- Criteria for enrollment and contributions
- Overview of special needs trusts
- Third party
- Changes under tax reform
- ABLE accounts
- Special needs trusts
- Interplay between the two
The panel will review these and other noteworthy issues:
- How has tax reform changed the treatment of contributions to ABLE accounts and special needs trusts?
- What advantages are there for beneficiaries wanting to contribute income/earnings to special needs trusts and ABLE accounts?
- What steps can families of aging and disabled clients take to ensure that the maximum benefit is derived from these planning tools?
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.Close
Kristin W. Shirahama
Bowditch & Dewey
Ms. Shirahama is a Massachusetts trust and estate lawyer who uses her listening skills, empathy and knowledge of the... | Read More
Ms. Shirahama is a Massachusetts trust and estate lawyer who uses her listening skills, empathy and knowledge of the law to help individuals and families with difficult estate and gift planning concerns. Trustees, guardians and other fiduciaries regularly rely on Kristin for trust and estate administration, and she often serves as trustee and executor or personal representative.Close