The article answers a question regarding the application of an individual retirement account (IRA) to a special needs trust with withdrawals over the life expectancy of the trust's beneficiary. Government programs could provide assistance to disabled adults in conjunction with a special needs trust. ...
Find Local Special Needs Assistance Find a Special Needs Planner Questions and Answers Get answers to your long-term care and estate planning issues. Ask a Question Can a Special Needs Trust Pay for Vehicle Insurance? Can a special needs trust pay for vehicle insurance? See the Answer ...
of present needs over future needs; and (3) where a contingent beneficiary becomes disabled after the creation of the SNT, the trustee is empowered to create a new third-party trust to support the newly disabled beneficiary, and the IRA is the sole source of funding for the new trust. Thi...
Valley Trust Attorneys: Sirkin & Sirkin was formed as a Los Angeles, California trust, probate, estate planning and conservatorship law firm in 1993, and has since been committed to providing Probate, Special Needs Trust, Conservatorship and Estate Planning services in all Los Angeles courts to Lo...
Special Planning is Needed for Retirement Benefits Payable to a Disabled Special-Needs Child If a trust is named as a beneficiary of a retirement account, the following documentation must be provided to the plan administrator, including an IRA cust... SVJ Grassi,NH Welber - 《J.pract.est.plan...
you, the owner, of the plan (IRA); a member of your family (i.e., your spouse, ancestors, lineal descendants and their spouses); the Custodian/Administrator of the plan; any person providing services to the plan; any corporation, partnership, trust or estate in which you own (either di...
The Special Needs Trust Fairness Act allows someone with special needs to create his/her own Special Needs Trust. (For background on Special Needs Trust, read the April 2, 2015 installment of this blog.) Before adoption of the SNT Fairness Act, only a parent or grandparent of the special...
of present needs over future needs; and (3) where a contingent beneficiary becomes disabled after the creation of the SNT, the trustee is empowered to create a new third-party trust to support the newly disabled beneficiary, and the IRA is the sole source of funding for the new trust. Thi...