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Special needs trusts : protect your child's financial future /

By: Contributor(s): Material type: TextTextPublisher: El Segundo, CA : Nolo, [2023]Copyright date: 2023Edition: 10th editionDescription: 308 pages : illustrations, forms ; 23 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781413331035
  • 1413331033
Other title:
  • Nolo. Special needs trusts : protect your child's financial future
Subject(s): Genre/Form: DDC classification:
  • 332.024016 23
LOC classification:
  • KF736.S87 U73 2023
Contents:
People who can benefit from a special needs trust -- How trustees can (and cannot) use trust funds -- Getting money into a special needs trust -- The trustee's job -- Choosing trustees -- Joining a pooled trust -- ABLE accounts -- Creating your special needs trust -- Finalizing and funding your special needs trust -- Preparing a letter of intent -- Where to get more help.
Summary: Presents advice on setting up and managing a special needs trust, covering trust benefits, funding, duties of trustees, pooled trusts, taxes, wills, and death of beneficiaries.
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Holdings
Item type Current library Home library Collection Call number Vol info Copy number Status Date due Barcode Item holds
Standard Loan Hayden Library Adult Nonfiction Hayden Library Book 332.02/URBATSC 2023 (Browse shelf(Opens below)) 1 Available 50610023856607
Standard Loan Metalines Community Library Adult Nonfiction Metalines Community Library Book 332.02 URBATSC 2021 (Browse shelf(Opens below)) NOLO Available 50610021362715
Total holds: 0

Enhanced descriptions from Syndetics:

Leavemoney to a loved one with a disability--without losing benefits

Use a special needs trust to provide financial security foryour child (or anyone) with a disability, without jeopardizing importantgovernment benefits. Funds in a special needs trust, when used correctly, donot count against eligibility for benefits and can be spent to improve thequality of your child's life.

This book provides everything you need to know about specialneeds trusts--whether you make one yourself with this book or have an attorneydraft one for you. The authors explain:

* how special needstrusts work

* the trustee'srole

* ways to passimportant information to successor trustees, and

* the pros andcons of joining a pooled trust.


Includes index.

People who can benefit from a special needs trust -- How trustees can (and cannot) use trust funds -- Getting money into a special needs trust -- The trustee's job -- Choosing trustees -- Joining a pooled trust -- ABLE accounts -- Creating your special needs trust -- Finalizing and funding your special needs trust -- Preparing a letter of intent -- Where to get more help.

Presents advice on setting up and managing a special needs trust, covering trust benefits, funding, duties of trustees, pooled trusts, taxes, wills, and death of beneficiaries.

Table of contents provided by Syndetics

  • Your Legal Companion for Special Needs Trusts (1)
  • 1 People Who Can Benefit From a Special Needs Trust (7)
  • People With a Permanent or Severe Disability Who Are Unable to Earn a Living (8)
  • Someone Who Might Get Better (10)
  • Someone Who Might Need a Special Needs Trust Later (13)
  • Someone Who Is Eligible for Medicare or SSDI (14)
  • Someone Who Needs Assistance Managing an Inheritance (16)
  • Alternatives to a Special Needs Trust (16)
  • 2 How Trustees Can (and Cannot) Use Trust Funds (25)
  • SSI Income and Resource Limits: An Overview (26)
  • Assets in the Special Needs Trust (31)
  • How Trustees Use Special Needs Trust Funds (32)
  • Exempt Resources (32)
  • Gifts of Cash (38)
  • Payments for Food or Shelter (41)
  • Valuing Gifts of Food or Shelter From Other Sources (44)
  • 3 Getting Money Into a Special Needs Trust (47)
  • Who Can Set Up a Special Needs Trust (48)
  • Tell Family and Friends About the Trust (49)
  • Assets You Can Put in a Special Needs Trust (50)
  • How Much Money Will Your Loved One Need? (51)
  • How to Leave Money After You Die to a Special Needs Trust (53)
  • Try to Head Off Mixing the Beneficiary's Property With Trust Property (63)
  • 4 The Trustee's Job (65)
  • The Trustee's Basic Duties (66)
  • Working With a Guardian or Conservator (68)
  • Investing Trust Property (70)
  • Spending Trust Money for the Beneficiary (72)
  • Managing a Remainder Beneficiary's Property (74)
  • Preserving Eligibility for SSI and Medicaid (76)
  • Paying Taxes (80)
  • Going to Court (81)
  • Letter to Trustee (82)
  • 5 Choosing Trustees (83)
  • An Overview of Your Options (84)
  • Picking the Ideal Trustee (85)
  • Naming the Initial Trustee (94)
  • Naming Successor Trustees (95)
  • Naming Cotrustees (97)
  • Naming a Professional or Corporate Trustee (100)
  • Using a Trust Protector or Trust Advisory Committee (105)
  • Signing Up for a Pooled Trust (108)
  • 6 Joining a Pooled Trust (111)
  • An Overview of Pooled Trusts (113)
  • Anticipating Your Use of a Pooled Trust (114)
  • Can You Use a Pooled Trust? (116)
  • How Pooled Trusts Work (121)
  • Joining a Pooled Trust (129)
  • What Happens When the Trust Ends (133)
  • 7 ABLE Accounts (137)
  • Qualifying for and Opening an ABLE Account (140)
  • Funding an ABLE Account (143)
  • Spending ABLE Account Funds (145)
  • Debit or Prepaid Cards (148)
  • Medicaid Payback (149)
  • Is an ABLE Account Right for You or Your Loved One? (150)
  • 8 Creating Your Special Needs Trust (153)
  • Drafting the Trust Document (154)
  • Making the Trust Legal and Effective (190)
  • Keeping the Special Needs Trust Up to Date (190)
  • Sample Special Needs Trust (191)
  • 9 Finalizing and Funding Your Special Needs Trust (203)
  • Making Your Trust Legal (204)
  • Taxes (206)
  • Opening the Trust's Deposit Account (209)
  • Incorporating the Trust Into Your Estate Plan (212)
  • 10 Preparing a Letter of Intent (217)
  • How a Letter of intent Helps (219)
  • Before You Write Your Letter (222)
  • What to include in Your Letter (223)
  • After You Write Your Letter (226)
  • 11 Where to Get More Help (227)
  • Lawyers (228)
  • Paralegals (233)
  • Certified Financial Planners (233)
  • SSA and Medicaid Personnel (235)
  • Keeping Up to Date (235)
  • Books (238)
  • G Glossary (241)
  • Appendixes
  • A Letter to Trustee (253)
  • Letter to Trustee (255)
  • Managing a Special Needs Trust (256)
  • Documenting the Authority of Successor Trustees (272)
  • B Sample Letter of Intent (277)
  • Sample Letter of Intent (279)
  • Certificate of Trust (293)
  • C Using the E-Forms (295)
  • Using the RTFs (296)
  • List of Forms (297)
  • Index (299)

Author notes provided by Syndetics

Kevin Urbatsch is the National Director of the Academy of Special Needs Planners and a principal of the estate planning law firm, The Urbatsch Law Firm P.C. in Berkeley, California. He is a nationally recognized expert in the unique planning needs of individuals with disabilities and their families.

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