This webinar is co-sponsored by the Society of Financial Service Professionals and the American Cancer Society
This presentation will discuss the variances in means-tested and non-means-tested government benefits available to clients who have special needs children. It will also explain the different types of special needs trusts and tools available to clients to help protect their special needs child’s future. Given the recent developments in the passing of the SECURE Act, different planning strategies using charitable trusts and retirement accounts will also be highlighted. The planning strategies will revolve around how to maintain the “stretch” for retirement accounts designated to benefit disabled beneficiaries and how to reduce tax liability through the use of charitable trusts.
During this session, you will learn:
- The difference in means-tested and non-means-tested government benefits, including SSI, SSDI, Medicaid, and Medicare
- What type of special needs trust or tool is right for each client, understanding the difference between first-party and third-party special needs trusts, pooled trusts, and ABLE accounts
- How to utilize charitable trusts and retirement accounts to reduce tax liability
- How to recreate the “stretch” for retirement accounts or ensure the disabled beneficiary can still receive it
Jefferey M. Yussman, JD is a member of the Estate Planning Group of Wyatt Tarrant & Combs, LLP, in Louisville, Kentucky, where he chairs the firm’s special needs planning practice, which he runs under the trade name Yussman Special Needs Law. Jeff’s practice has always concentrated in the areas of estate planning and administration, business succession planning and charitable planning, but the birth of his two special needs children led him into the sub-specialty of planning for individuals with special needs, where he now spends a great deal of his practice time. Jeff is the President Elect and Executive Committee member of the national Special Needs Alliance, and is a Fellow in ACTEC. Jeff has also devoted many years serving his community in leadership roles, including with the Community Foundation of Louisville, Metro United Way, Wellspring (which provides housing and psychiatric rehabilitative services to those facing the challenges of serious and persistent mental illness), and other organizations serving those with special needs. To learn more about Jeff’s special needs practice visit Yussman Special Needs Law.
Seth Todd, JD is a member of the Estate Planning Group and special needs planning practice of Wyatt Tarrant & Combs, LLP in Louisville, Kentucky. He concentrates his practice in the areas of estate planning, and estate and
trust administration. A substantial portion of his practice is devoted to planning for
individuals with special needs, which he conducts primarily from Wyatt’s affiliate office,
Yussman Special Needs Law.
1 CFP® credit has been applied for.
1 CPE (accounting) credit has been applied for.
1 Professional Recertification credit (formerly PACE) has been applied for.
1 CLE (legal) credit has been applied for in those states that accept the webinar format for credit. Click here for CLE approvals.
(CLE credit is not eligible for: AK, CT, DC, HI, IN, KS, MD, MA, MI, MN, NV, NJ, PA, RI, SD)
$5.00 fee for CE credit processing (fee is waived for FSP Premier Members). You must participate in the live webinar in order to earn CE credits.
Registration Fee (includes PowerPoint and access to the archived program)
||FSP Premier Members
|Prof. Recertification Credit
*This webinar is free for all attendees due to the sponsorship by the American Cancer Society.
- Register online by selecting the green "Register" button above.
- Call FSP's Member Services department to register: 800-392-6900, Monday–Friday, 9:00 a.m. – 4:00 p.m. ET
- Refund Policy
Upon registration, you will receive the instructions/link via e-mail for accessing the PowerPoint presentation.
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This program will be recorded and archived. All registrants will be emailed the link to the recording about a week after the webinar.
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The webinar recording will also be available for access by FSP members on the Member Resources page of the Website.