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About the Teleseminar
Special Needs Trusts allow parents or others to provide for the long-term care of children with disabilities or for persons who have become disabled to provide for themselves. SNTs, if properly structured, preserve the trust beneficiary’s eligibility for public medical and supplemental income benefits while maximizing the use of private resources for the beneficiary. There are several types of SNTs and ensuring eligibility can be a complex process. This program will provide you with a practical guide to the types of SNTs and the situations in which each is most appropriate, structuring and drafting SNTs to preserve public benefit eligibility, and highlight substantial issues in the administration of these trusts.
- Types of Special Needs Trusts and eligibility standards
- Structuring SNTs to preserve Social Security, Medicaid, and SSI benefits – and integrating into a family’s larger estate plans
- Choosing fiduciaries in SNTs – and issues in “pooled trusts”
- Drafting and modifying distribution clauses
- Special administrative issues in SNTs
About the Speakers
Missia H. Vaselaney is a partner in the Cleveland office of Taft, Stettinius & Hollister, LLP, where her practice focuses on estate planning for individuals and businesses. She also represents clients before federal and state taxing authorities. Ms. Vaselaney is a member of the American Institute of Certified Public Accountants and has been a member of the Steering Committee for AICPA’s National Advanced Estate Planning Conference since 2001. Ms. Vaselaney received her B.A. from the University of Dayton and her J.D. from the Cleveland-Marshall College of Law.
Michael Gilfix is a partner in the Palo Alto office of Gilfix & La Poll Associates, LLP, where he is a nationally authority on elder law and estate planning. He is a co-founder and Fellow of the National Academy of Elder Law Attorneys and, in 1973, created the first legal aid program for senior citizens. He is co-author of the legal treatise ‘Tax, Estate & Financial Planning for the Elderly: Forms and Practice,” published by Matthew Bender, and is the principal author of the book “Medi-Cal and Asset Preservation,” a book-length set of materials for practicing attorneys. Mr. Gilfix received his J.D. from Stanford Law School.
Mandatory MCLE Credit Hours and Legal Ethics & Professional Responsibility (LEPR) Credit Hours
This seminar qualifies for 1.0 MCLE Credit Hour.