Non-Grantor Trusts in Elder Law Planning: Specific Trust Strategies and Key Tax Considerations
Note: CPE credit is not offered on this program
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide attorneys and advisers serving elderly clients with a focused review of key strategies and tax implications of the use of non-grantor trusts. The panel will discuss the most effective trust structures, avoiding pitfalls that would derail VA and Medicaid eligibility, and tactics to ensure asset protection and tax savings for clients.
Outline
- Type of trust: grantor vs. non-grantor
- Non-grantor trust rules and key provisions
- Tax implications of non-grantor trusts
- Best practices for elder law attorneys
Benefits
The panel will discuss these and other issues:
- What is a non-grantor trust?
- What are the non-grantor trust rules?
- What are the income tax differences between grantor and non-grantor trusts?
- What are the key considerations when determining when to draft grantor and non-grantor trusts?
- What are the income tax implications of non-grantor trust status?
Faculty
Regina M. Spielberg
Partner
Schenck Price Smith & King
Ms. Spielberg co-chairs the Estate, Gift and Charitable Planning Practice Group. Certified as an Elder Law Attorney by... | Read More
Ms. Spielberg co-chairs the Estate, Gift and Charitable Planning Practice Group. Certified as an Elder Law Attorney by the ABA Accredited National Elder Law Foundation (www.nelf.org) and as an Accredited Estate Planner by the National Association of Estate Planners & Councils (NAEPC), she assists seniors, people with disabilities and their families in connection with a variety of legal issues including elder care, special needs planning and planning for incapacity, with an emphasis on promoting the best quality of life for the individuals. Ms. Spielberg was also invited to join the Council of Advanced Practitioners (CAP) of the National Academy of Elder Law Attorneys (NAELA), a group of highly experienced elder law and special needs planning attorneys.
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Shirley B. Whitenack
Partner
Schenck Price Smith & King
As Co-Chair of the firm's Elder and Disability Law Practice Group, Ms. Whitenack devotes a substantial portion... | Read More
As Co-Chair of the firm's Elder and Disability Law Practice Group, Ms. Whitenack devotes a substantial portion of her practice to trust and estate litigation and elder and disability law, particularly surrogate arrangements to protect the elderly and people with disabilities, special needs planning and Medicaid appeals. She is a frequent author and lecturer on estate, elder and disability law issues.
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