Drafting Irrevocable Trusts to Preserve Medicaid and VA Benefits

Mary Akkerman
Mary Akkerman | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation.

Re-Broadcast: December 28, 2021

Drafting Irrevocable Trusts to Preserve Medicaid and VA Benefits
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Program Summary

Special needs trusts, supplemental needs trusts, income only trusts, and other types of irrevocable trust planning can be used to provide for a family member or beneficiary who qualifies for certain government benefits, such as Medicaid or certain Veteran’s benefits. This type of planning can also be useful used proactively in basic estate plans in the event that a client’s current or future beneficiaries may become eligible for such benefits. This seminar will discuss tax planning, preservation of benefits, types of trust available, and the mechanics of creating and administering such trusts.

This course is co-sponsored with myLawCLE.

Key topics to be discussed:

  • Special Needs, Supplemental Needs Trusts, and income Only Trusts
  • Tax aspects of planning devices
  • Drafting, implementing, and administering these types of trusts
  • Ethical considerations

Date / Time: December 28, 2021

  • 3:00 pm – 5:10 pm Eastern
  • 2:00 pm – 4:10 pm Central
  • 1:00 pm – 3:10 pm Mountain
  • 12:00 pm – 2:10 pm Pacific

Choose a format:

Live Video Broadcast/Re-Broadcast: Watch Program "live" in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for "live" CLE credit.

On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 5 business days after the original recording date and are viewable for up to one year.

Closed-captioning available

Speakers

Mary Akkerman_Davenport_Evans_Hurwitz & Smith LLP_myLawCLEMary Akkerman | Davenport, Evans, Hurwitz & Smith LLP

Mary Akkerman practices in estate planning, including dynasty trusts, domestic asset protection trusts, estate and trust administration, guardianships and conservatorships, business and tax planning, estate and gift tax planning, tax appeals, and related litigation. She is skilled at establishing public and private trust companies in South Dakota and regularly works with U.S. and international families and advisors. Mary is an American College of Trust and Estate Counsel (ACTEC) Fellow. She is a member of the Society of Trust and Estate Practitioners and Sioux Falls Estate Planning Council.

Mary has received an AV Preeminent® Peer Review Rating by Martindale-Hubbell®, for the highest level of professional excellence for legal knowledge, communication skills and ethical standards. She has a Band 1 individual ranking in the Chambers High Net Worth Guide by Chambers and Partners in the area of Private Wealth Law, and is listed in The Best Lawyers in America© in Trusts & Estates. Mary has also been ranked in the top 5% of practicing attorneys in South Dakota by Great Plains Super Lawyers in the areas of Estate Planning & Probate.

Agenda

I.Special Needs, Supplemental Needs Trusts, and income Only Trusts | 3:00-3:20
II.Tax aspects of planning devices | 3:20-3:40
III.Drafting, implementing, and administering these types of trusts | 3:40-4:00

IV.Break | 4:00-4:10

V.Ethical considerations | 4:10-5:10