Pooled Trust vs. Self-Settled Special Needs Trust

By Jill Roamer, JD, CIPP/US on May 5, 2023 10:41:00 AM

Pooled Trust vs. Self-Settled SNT

A pooled trust is also known as a d4C trust because it is authorized by US Code 1396p(d)(4)(C). It is established and managed by a non-profit organization and is funded by the individual with special needs, for that individual’s sole benefit. An individual’s pooled trust is a subaccount within a master trust, a collection of other individual trusts. The managing entity oversees the collective individual accounts within the pool as a whole. A pooled trust entity will have its own joinder agreement; the terms of the trust are controlled by the entity.

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The Taxation of the Medicaid Asset Protection Trust

By Jill Roamer, JD, CIPP/US on May 2, 2023 10:56:00 AM

trust-funding

The Medicaid Asset Protection Trust (MAPT) is a powerful tool used in elder law planning. The MAPT can be used both in a proactive planning case or in a crisis planning case. Let’s take a look at when the MAPT would be used in each type of case, and how a MAPT intersects with estate tax, gift tax, and income tax.

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Tips to Enhance Your Cybersecurity and Protect Clients’ Data

By WealthCounsel Staff on Apr 28, 2023 10:11:16 AM

Protecting Clients Data-Blog

Modern technological tools make estate planning easier, but they present new responsibilities to keep your clients’ data safe. Because cybercriminals aim 43 percent of their attacks at small businesses, your law firm may be vulnerable without proper cybersecurity measures in place. A constant battle occurs in which hackers attack and IT professionals defend data and financial assets. Keep reading to learn helpful tips to safeguard your clients’ private information.

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