| MCLE Credit: | 1.5 (Ethics: 0.0) |
| Live-Interactive Credit: | 0.0 |
| GAL for Incapacitated Persons CE Credit: | 1.5 (GAL Information) |
| Designation Credit: | 1.5 Trusts and Estates Practice |
| Price: | $119 (Includes a downloadable audio version.) |
| Viewable Through: | 05/31/2027 |
$119.00 (or 1.5 Bundle Credits)
A pre-recorded streaming VIDEO replay of the May 2024 webcast, Using Pooled Trusts as a Safety Net When Drafting Estate Plans.
Pooled special needs trusts provide an essential safety net in estate plans. Attorneys who draft estate plans must expect the unexpected—a client’s unforeseen disability, a fiduciary who becomes ill, a contentious relationship between the beneficiary and the fiduciary, or assets that are depleted below the corporate fiduciary’s minimum.
By including additional authority in documents, attorneys-in-fact, executors, and trustees can react to unforeseen circumstances and create and fund pooled special needs trusts for clients and their loved ones without the need for court involvement. When an individual special needs trust is being set up, if the trustee is given proper authority, the trust assets can be transferred to a pooled special needs trust sub-account in the event that the trustee becomes unable or unwilling to serve.
Further, special needs planning, and estate planning in general, can be strengthened by giving fiduciaries the authority to create, fund, and manage pooled special needs trust sub-accounts and ABLE Act accounts.
Rachel Baer, Wade, Commonwealth Community Trust / Richmond
Rachel Baer, Esq., is Counsel and Director of New Client Services at Commonwealth Community Trust, a non-profit pooled trust administrator serving beneficiaries across the United States who are injured, vulnerable, or have special needs.
Prior to joining CCT, Ms. Baer was a partner at Family First Law Group, PLLC, in Alexandria, Virginia, and her practice focused on estate planning, estate and trust administration, and guardianship and conservatorship. Before entering private practice in 2012, Ms. Baer served as an Assistant Attorney General in the Virginia Attorney General’s Health Services Section for two years, helping to advise several state agencies that provide services to persons with disabilities.
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