Transfers to third-party Special
Needs Trusts by way of inheritance or lifetime gifting are efficient ways to fund
third-party Special Needs Trusts. This
chapter of Fundamentals of Special Needs Trusts provides details of how
parents, grandparents, siblings and others can direct an inheritance to a
Special Needs Trust. The chapter also
discusses the tax implications of both inheritance and gifting. College 529 plans are often funded in this
manner because one of the major advantages of using 529 plans is that the donor
is not restricted to the annual gift exclusion amount and can stack up to five
years of gifts. This chapter explores the maximum amount that can be
contributed to a 529 and proper methods for distributions to and from a 529
Please click on the link at the top of the post to view or
download the extended excerpt as well as the Table of Contents for Fundamentals
of Special Needs Trusts.
This free download is part of Fundamentals
of Special Needs Trusts, which places special needs trusts in the arsenal
of tools available to an attorney to help his senior clients and those who have
disabilities. It helps the practitioner to understand how she can draft a
trust, using the person's own funds or the funds of another, to provide goods
and services for those clients that will enhance their everyday existence.
Special Needs Trusts provides practitioners with analysis of
the law, authoritative advice, practice notes, checklists, and forms. It begins
with a discussion of the history of special needs trusts, discusses ethical
issues, explains the various types of special needs trusts and how to draft,
fund, and administer those trusts, how and when to terminate them, and the
relevant tax considerations.
It is a reasonably priced desk manual
that is available at the LexisNexis Store and
is the product of highly experienced practitioners.