This session will cover what a special needs trust is as defined in 42 USC 1396p(d)(4), and how the so called "Third Party Special Needs Trust" is different. Additionally, my topic will cover the general rules on what expenses a special needs trust is allowed to cover for the beneficiary. Lastly, my topic will cover way to address the situation where the beneficiary may need a special needs trust in the future but doesn't currently require a special needs trust.

An overview of the income tax issues on fiduciary income tax returns. The hour will cover the tax treatment of various types of trusts and estates. It will also include a discussion on elections and tax savings ideas.