- Subjects
- Published
-
Berkeley, CA :
Nolo
2005-
- Language
- English
- Corporate Author
- Corporate Author
- Item Description
- "Protect your child's financial future."
Earlier editions, 2-3, cataloged as monographs in LC. - Physical Description
- volumes : illustrations ; 23 cm
- Publication Frequency
- Biennial.
- ISBN
- 9781413331035
- ISSN
- 21675716
- Your Legal Companion for Special Needs Trusts
- 1. People Who Can Benefit From a Special Needs Trust
- People With a Permanent or Severe Disability Who Are Unable to Earn a Living
- Someone Who Might Get Better
- Someone Who Might Need a Special Needs Trust Later
- Someone Who Is Eligible for Medicare or SSDI
- Someone Who Needs Assistance Managing an Inheritance
- Alternatives to a Special Needs Trust
- 2. How Trustees Can (and Cannot) Use Trust Funds
- SSI Income and Resource Limits: An Overview
- Assets in the Special Needs Trust
- How Trustees Use Special Needs Trust Funds
- Exempt Resources
- Gifts of Cash
- Payments for Food or Shelter
- Valuing Gifts of Food or Shelter From Other Sources
- 3. Getting Money Into a Special Needs Trust
- Who Can Set Up a Special Needs Trust
- Tell Family and Friends About the Trust
- Assets You Can Put in a Special Needs Trust
- How Much Money Will Your Loved One Need?
- How to Leave Money After You Die to a Special Needs Trust
- Try to Head Off Mixing the Beneficiary's Property With Trust Property
- 4. The Trustee's Job
- The Trustee's Basic Duties
- Working With a Guardian or Conservator
- Investing Trust Property
- Spending Trust Money for the Beneficiary
- Managing a Remainder Beneficiary's Property
- Preserving Eligibility for SSI and Medicaid
- Paying Taxes
- Going to Court
- Letter to Trustee
- 5. Choosing Trustees
- An Overview of Your Options
- Picking the Ideal Trustee
- Naming the Initial Trustee
- Naming Successor Trustees
- Naming Cotrustees
- Naming a Professional or Corporate Trustee
- Using a Trust Protector or Trust Advisory Committee
- Signing Up for a Pooled Trust
- 6. Joining a Pooled Trust
- An Overview of Pooled Trusts
- Anticipating Your Use of a Pooled Trust
- Can You Use a Pooled Trust?
- How Pooled Trusts Work
- Joining a Pooled Trust
- What Happens When the Trust Ends
- 7. ABLE Accounts
- Qualifying for and Opening an ABLE Account
- Funding an ABLE Account
- Spending ABLE Account Funds
- Debit or Prepaid Cards
- Medicaid Payback
- Is an ABLE Account Right for You or Your Loved One?
- 8. Creating Your Special Needs Trust
- Drafting the Trust Document
- Making the Trust Legal and Effective
- Keeping the Special Needs Trust Up to Date
- Sample Special Needs Trust
- 9. Finalizing and Funding Your Special Needs Trust
- Making Your Trust Legal
- Taxes
- Opening the Trust's Deposit Account
- Incorporating the Trust Into Your Estate Plan
- 10. Preparing a Letter of Intent
- How a Letter of intent Helps
- Before You Write Your Letter
- What to include in Your Letter
- After You Write Your Letter
- 11. Where to Get More Help
- Lawyers
- Paralegals
- Certified Financial Planners
- SSA and Medicaid Personnel
- Keeping Up to Date
- Books
- G. Glossary
- Appendixes
- A. Letter to Trustee
- Letter to Trustee
- Managing a Special Needs Trust
- Documenting the Authority of Successor Trustees
- B. Sample Letter of Intent
- Sample Letter of Intent
- Certificate of Trust
- C. Using the E-Forms
- Using the RTFs
- List of Forms
- Index