The article focuses on the importance and role of trust protectors in relation to pooled trusts in the U.S. It mentions trust protector's certain responsibilities and powers which usually relate to oversight of certain trust administrative processes and sometimes of the trustee itself. Furthermore,...
To legally supplement those benefits with their own funds, or with money from family members, the only choices are the new CalABLE accounts (limited to $15,000 in a calendar year) and special needs trusts, which are traditionally very expensive to create and mana...
In conclusion, there are presently over 20 not-for-profit organizations in New York that offer pooled trusts. The assistance of an experienced elder law attorney in selecting a suitable pooled trust not-for-profit and enrolling in a pooled trust can be invaluable. Anthony J. Enea, Esq. is...
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It mentions the stand-alone custom-drafted individual third-party special needs trust, the pooled special needs trust and the benefits of flexible planning. It also notes the difference of third-party pooled trusts from first-party pooled trusts, the Joinder Agreement and opportunities for grantor...
The article discusses a court case wherein the Center for Special Needs Trust Administration Inc. filed an action to prevent recovery from pooled trusts after the death of Allen Kemmet in October 2008. It says that Kemmet's Medicaid application was approved because the agency misread his data...
The article announces that a directory of pooled trusts can be found on the Academy of Special Need Planners' Web site www.specialneedsanswers.com/resources/directory_of_pooled_trusts.asp. It is noted that the directory, which continues to expand, lists more than 60 trusts organized by the ...
It mentions that the center also filed an action to prevent the state to recover from pooled trusts upon Kemmet's death. It states that both sides filed motions for summary judgment. Moreover, the U.S. District Court of Dakota grants both motions but dismisses the Center's claim based ...
It notes that elder law attorney Vincent Russo, the Foundation's founder, achieved assistance from the Center for Special Needs Trust Administration Inc. to manage the pooled trusts appropriately.EBSCO_AspElder Law Report