Many practitioners believe that a special needs trust (SNT) is a tool whose single function is to preserve eligibility for public benefits. In fact, an SNT can function as an effective tax planning tool, and with the prudent coordination between advisors, it can bring enormous value to clients with significant wealth and their advisors. 

In this session, session, nationally recognized speakers Stephen W. Dale and Peter J. Wall will review:

• The difference between taxable income and public benefits income.
• A review of taxation of special needs trusts.
• Key concepts from the SECURE Act 2.0 when designating a qualified plan to a special needs trust.
• Utilizing a distribution plan to coordinate the activities of the investment advisor with the tax professional.
• Trust taxation at the beneficiary and trust level.
• An overview of potentially deductible expenses at the beneficiary level.
• The Qualified Disability Trust exemption.

In this interactive session, Mr. Dale and Mr. Wall will use real-life examples of using tax planning, investment management, estate planning, and legal drafting illustrating how to best maximize these concepts to enhance the lives of people with disabilities.