The new law specifically allows retirement money that is paid to a Special Needs Trust for a disabled person to be paid out over the lifetime of the disabled person. Whereas, retirement money paid to most adults that is not disabled must be withdrawn over ten years. Accordingly, it may actually be MORE tax efficient now to name a Special Needs Trust as beneficiary of an IRA.
In a previous post, I described the Reasons to Set up a 3rd […]
Recently, I wrote a post explaining the differences between a First Party Special […]
Although the federal government clearly changed the rules in 2005 to allow […]
I was discussing the affect of a divorcee naming a guardian for […]
The Social Security Administration has issued new rules, SI 01120.199, related to […]
There are generally two types of private special needs trusts: Third Party […]
Special Needs Trusts and Supplemental Needs Trusts In Part IV of this […]
Estate Planning for A Special Needs Child In Part III of this […]
