Asset Protection Attorney Eric R. Oalican of Oalican Law Group and Brendan Wright, of New York Life, will present a workshop on supplemental needs trusts on Friday, March 27 from 11:00 a.m. to 12:30 p.m. at the May Institute located at 41 Pacella Park Drive in Randolph. The presentation is open to the public. Seating is limited. If you wish to attend, please contact Kyle to RSVP at (781) 437- 1227.
This workshop provides an overview of Special Needs Trusts (also known as “Supplemental Needs Trusts”) as an estate planning tool to address the needs of disabled individuals. The following topics will be addressed:
- What is a Special Needs Trust?
- Who can create a Special Needs Trust?
- Must the trust be irrevocable?
- Who can serve as trustee?
- How is a Special Needs Trust funded?
- Are there restrictions on how the funds may be spent?
- Can the trust preserve eligibility for present and future public benefits such as MassHealth, Supplemental Security Income and Housing?