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Special Needs Trust Distribution Planning: Income Rules, Medicaid Eligibility, Structuring Options, Tax Issues

Note: CPE credit is not offered on this program

Recording of a 90-minute CLE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Tuesday, September 26, 2023

Recorded event now available

or call 1-800-926-7926

This CLE webinar will provide special needs planning attorneys and trustees guidance on special needs trust (SNT) distribution and income rules and planning considerations when structuring and administering SNTs. The panel will discuss the impact of SNT distributions on Supplemental Security Income (SSI) and Medicaid, key trust provisions, permissible distributions, tax issues, trust accounting, eligibility rules for means-test programs, and other key items that must be considered in SNT distributions and planning.

Description

An SNT that is not drafted or administered correctly can significantly impact persons with disabilities. Special needs planning attorneys and trustees must carefully consider a variety of income rules, tax issues, and other legal considerations when structuring SNTs and making distributions from SNTs.

SNT distributions should only be used for special and supplemental needs of a disabled person. However, understanding and distinguishing the expenses that can be paid, those that are not permitted, and how such payments can be made under an SNT requires knowledge of a variety of rules and requirements under federal and state law. Attorneys and trustees must understand which expenses are permitted and plan accordingly to avoid any action that jeopardizes the beneficiary's eligibility for SSI and Medicaid.

Listen as our panel discusses the impact of SNT distributions on SSI and Medicaid, key trust provisions, permissible distributions, tax issues, eligibility rules for means-test programs, and other key items that must be considered in SNT distributions and planning.

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Outline

  1. SNT income rules and legal considerations
  2. Structuring options and key trust provisions
  3. Eligibility rules for means-test programs
  4. Permissible distributions
  5. Impact on SSI and Medicaid benefits
  6. Tax issues and trust accounting

Benefits

The panel will discuss these and other key issues:

  • Applicable rules to consider when structuring SNTs
  • Permissible distributions and protecting SSI and Medicaid benefits
  • Navigating eligibility rules for means-test programs
  • Managing tax issues and trust accounting challenges
  • Best practices and distribution planning for counsel

Faculty

Rubin, Benjamin
Benjamin A. (Benji) Rubin, JD, LLM (Tax)

Partner
Rubin Law

Mr. Rubin focuses his practice on providing legal advice for families of individuals with special needs, including...  |  Read More

Siegel, Shana
Shana Siegel

Member
Norris McLaughlin

Ms. Siegel concentrates her practice in the area of elder law, focusing on representing seniors, individuals with...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include course handouts.

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