Widely recognized for his expertise in special needs investments, trust administration, and planning, Peter is a member of the Academy of Special Needs Planners. Beth Misak Sr. Investment Advisor Beth has spent the majority of her 15+ year career dedicated to investment management for fiduciaries....
Hence, a primary goal of the special needs trust is to design the trust so that government benefits are used to meet the basic needs, such as food, clothing, shelter, while the trust provides supplementary needs, such as medical care, special equipment, utilities, education, job-training, ...
A special needs trust can be tailored to meet the unique needs of the beneficiary. It can be funded with various assets, including cash, property, or investments. This flexibility allows people with disabilities to maintain their independence and dignity while receiving the support they need. In ...
Finally, the Third-Party Special Needs Trust is in many cases the best one. This type of trust can hold within it any asset provided by the family or other person for the person with a disability’s use or care such as a house, or other property, and investments. A person with this ...
We made the mistake initially of putting money directly in Joslyn's name in a trust, using an attorney who didn't specialize in special needs trusts. As a result, we had to establish yet another trust to pay back the benefits that she wasn't eligible for because of the money in her ...
For example, continuing with the facts above, the parents place $500,000 into the special needs trust. The trustee, using the trust's tax ID number, opens an account with their wealth advisor. The advisor and trustee invest the funds, and investments are liquidated and moved into a checking...
SPAC shares are structured as trust units with a par value of $10 per share. Investors in SPACs range from prominent private equity funds and celebrities to the general public. SPACs have two years to complete an acquisition, or they must return funding to investors. ...
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an individual expresses their wishes and names a trustee or executor to fulfill the stated intentions. The will can also indicate whether a trust should be created after death. If a will includes instructions on gifts, this section will determine any tax liabilities for the estate or beneficiaries...
any person providing services to the plan; any corporation, partnership, trust or estate in which you own (either direct or indirect) 50% or more; an officer, director, 10% or more shareholder, or highly compensated employee of the 50% or more owned entity described above. ...