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Funding Special Needs Trusts with Retirement Accounts

Recorded: July 14, 2016
Duration: 87 minutes
By Stephen Dale, Esq., LLM, The Dale Law Firm, PC

This presentation will focus on using a team approach when creating a special needs trust. Important elements that will be discussed include income for benefits and tax purposes, deductible expenses, and how to use a qualified plan. A strategy on how to offset the income generated by the IRA distribution against the beneficiary’s deductible expenses will be presented. Through a series of case studies, participants will understand how this strategy can reduce, and in some cases, eliminate the taxable income from the qualified plan.

Topics covered:

  1. The Robinson’s Story
  2. Fundamentals
  3. Income
  4. Qualified Disability Trust exemption
  5. Deductible Expenses
  6. Putting it all together – examples
  7. Using a qualified plan
  8. Back to the Robinson’s Story
  9. Typical Article 1.06 Provision

CLE: 1.25 hours
This course has been pre-approved in: AR (1.5), CA (1.5), FL (2), GA (1.5), IL (1.5), IN (1.5), MO (1.8), NJ (1.5), NY (1.5), OH (1.5), PA (1.5), TX (1.5), VA (1.5), WI (1.5). Due to pre-recorded programming rules, this program will not be accredited in: CO, DE, KS, SC.  Attorney will self apply in states not listed.

Many states have strict restrictions on pre-recorded (also called on-demand or distance learning) courses. Please review your State Bar’s rules and ElderCounsel’s CLE guide by state to determine if you are eligible to receive CLE for this course beforeviewing.

Receive CLE packet and attendance certificate: Near the end of the webinar, a button labeled “Receive CLE Packet” will appear in the top right corner of the video. You will be required to enter the attendance code given verbally during the webinar to download the packet. You will not be able to download the packet until you watch the webinar in its entirety. To ensure we are CLE compliant, the packet will not be distributed via email or any other method, it must be downloaded following the instructions above.

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