Using Pooled Trusts as a Safety Net When Drafting Estate Plans

Why Attend?

• Learn what a pooled special needs trust (PSNT) is
• Understand how to incorporate pooled special needs trusts into estate plans
• Get an overview of Achieving a Better Life Experience Act (ABLE Act) accounts
• Know when to draft a special needs trust
• Examine general estate plans without special needs considerations

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.

Registration Deadlines:

Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE^®.

Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.

Dietary Restrictions: If you have dietary restrictions and are attending the seminar in person, please email deanna.mcglothlin@vacle.org.

Inclement Weather Policy and Updates.

MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.

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