Monday, May 2, 2016
Article On Special Needs Planning
Bernard A Krooks (Littman Krooks LLP New York, New York) recently published an outline entitled, Special Needs – Special Trusts – What You Don’t Know Can Hurt Your Clients And You!, Wealth Strategies Journal, reprinted with permission of the Heckerling Institute and the University of Miami School of Law (2016). Provided below is an abstract of the article:
Special needs planning is a niche practice area within the estate planning field that requires a working knowledge of many different areas of the law, including tax, public benefits, trusts and estates, among many others. The experienced special needs planning practitioner will not only know the law, but will also be in a position to offer practical advice to his clients that will improve the lives of individuals with disabilities and their families. It is also very important to be familiar with local practice as this often differs from state to state or even from county to county. One aspect of special needs planning is special needs trusts (“SNT”s). This outline will explore the different types of SNTs available and when it is appropriate to consider them. The outline will also address certain drafting and administration issues.
https://lawprofessors.typepad.com/trusts_estates_prof/2016/05/article-on-special-needs-planning.html