Special Needs Trust 101 | Understanding how to use and not use a special needs trusts

Special Needs Trusts are a cornerstone of your plan for your child. Learn the difference between a first party and third party special needs trust, & what it takes to set up a special needs trust

This webinar is a comprehensive discussion regarding special needs trusts. You will learn the differences between the 3 types of special needs trusts. 1st party Trusts, 3rd party trusts and pooled trusts each have a role and purpose and in this webinar you will learn when each is appropriate.

Chartered Special Needs Consultant Ryan Platt fielded a range of questions from our live audience in addition to answering the questions that came in advance of the webinar.

We learned about what kinds of assets you should and should not use to fund the various types of trusts. You will also learn which type of trust will include a Medicaid payback - meaning that the government will recoup any funds expended on behalf of your child with a disability before distributing the remaining amount according to your wishes.

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01:45 what is the best vehicle for securing my son's future after my husband and I are deceased?
01:50 how to best make arrangements for the physical care i.e. housing when I'm no longer around?
02:40 so can you break it through and walk us through especially the trust and what they are and how people use them?
05:36 what kinds of is there more than one type of special needs trust right?
15:16 what's differently to trust Dee and a guardian and can they be the same I know that's one of the questions that pop up a lot and I know I had it and I should Lee - so once you go ahead and address that?
19:35 should the guardian the trustee be the same person should they be a different person?
24:01 when making a request from the trust to buy like clothes even what is the proper process?
27:02 what kinds of things can people our qualified expenditures in our distributions from especially stress?29:12 can especially stress own a home and land?
35:05 so are there any minimums or maximum amounts Ryan for special needs trusts is there a minute amount you need to fund it is there a max amount that you need to fund it?
36:58 how do I get to pay for items like DVDs clothes and the like zoo they say they have to they have to check those are all kinds of things to be covered up and paid for up a special needs trust?
43:46 do you need a will and a special needs trust?
45:11 there are so many rules about what a special needs trust money can't be used for how does the manager with trust navigate around these rules great?46:27 what happens if the trustee dies after I die I trustee or guardian?
51:57 how long is a special needs trust valid?

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If you are interested in quick two minute tips on special needs planning topics, click
https://youtube.com/playlist?list=PLbh30CtrA3P-6ZxWfbe_2f48yc14q3qAl

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Here's the link to our Special Needs Trusts Playlist:
https://youtube.com/playlist?list=PLbh30CtrA3P_N3DNV_FFkv7v7ul4uXU16

Видео Special Needs Trust 101 | Understanding how to use and not use a special needs trusts канала Our Special Needs Children (p)