A supplemental needs trust (“SNT”) is an irrevocable trust created for an individual with a disability that provides him or her a pool of money to enrich their life while at the same time preserving their eligibility for “means-tested” benefits such as Medicaid and Supplemental Security Income.
This is an intermediate program, presented by attorney George Gray, designed to provide a general overview of issues and strategies related to two of the most prevalent methods of funding an SNT. Mr. Gray explores the use of a personal injury award to fund an SNT; the use of a qualified retirement account or IRA to fund an SNT; and the use of a charitable trust to fund an SNT and, at the same time, benefit a charity.
This program will be most useful to attorneys who have a general knowledge of the creation, use and administration of an SNT but only limited familiarity with personal injury awards or the taxation of trusts. Mr. Gray is the author of a book entitled Special Needs Planning: A Simple Guide to Families in New York with a Loved One with a Disability, which was published by Graylake Publishing in October 2014.
I. Grasp basic issues present when using a personal injury award or settlement to fund an SNT
II. Understand basic issues present when using a qualified retirement account or IRA to fund an SNT
III. Know the strategy of naming an SNT as the beneficiary of a charitable remainder trust
Thank you for the course. I am currently researching whether a SNT is necessary for a family member. Thank you.
Superb speaker with great knowledge of his subject matter.