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Special Needs Trusts & ABLE Accounts

Special Needs Trusts & ABLE Accounts

About This Webinar:

This presentation provides an overview of the different types of special needs trusts (self-settled, third-party, and pooled trusts) and explains the circumstances under which each type of trust could be beneficial. Topics of discussion include the items and services that can be paid for by special needs trusts, the relationship between shelter payments and certain government benefits, and general considerations for selecting an appropriate trustee.

The presenter explores the use of ABLE Accounts and describes the strengths and limitations of this special needs planning tool. The training compares the effectiveness of ABLE accounts versus special needs trusts in maintaining eligibility for needs-based government benefits, avoiding Medicaid paybacks, providing alternatives to guardianships, and offering long-term financial strategies for families wishing to provide for loved ones with special needs.

Learning Objectives:

  • Gain a better understanding of the different types of special needs trusts and when a Medicaid payback is required.
  • Learn how ABLE accounts can be used in combination with or in place of special needs trusts.
  • Discover strategies to receive the maximum SSI awardโ€”even when the SSI recipient lives at home and receives โ€œin-kind support and maintenance.โ€
  • Understand the critical need for long-term estate planning for individuals with special needs.

Presenter:

Alison Packard is a special needs planning attorney with the Packard Law Firm in San Antonio, Texas.  Her practice focuses on estate planning (including special needs trusts), guardianship, alternatives to guardianship, general probate work, and government benefits eligibility.



Continuing Education credit is available.




RSVP to Register!

Please RSVP for this free webinar here: https://oneop.org/event/126279/

The connection information will be emailed to you once you RSVP.

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The Extension Foundation was formed in 2006 by Extension Directors and Administrators. Today, the Foundation partners with Cooperative Extension through liaison roles and a formal plan of work with the Extension Committee on Organization and Policy (ECOP) to increase system capacity while providing programmatic services, and helping Extension programs scale and investigate new methods and models for implementing programs. The Foundation provides professional development to Cooperative Extension professionals and offers exclusive services to its members. In 2020 and 2021, the Extension Foundation has awarded 85% of its direct funding back to the Cooperative Extension System, 100% of funds are used to support Cooperative Extension initiatives. 

This technology is supported in part by New Technologies for Ag Extension (funding opportunity no. USDA-NIFA-OP-010186), grant no. 2023-41595-41325 from the USDA National Institute of Food and Agriculture. Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the view of the U.S. Department of Agriculture or the Extension Foundation. For more information, please visit extension.org. You can view the terms of useat extension.org/terms.

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