Choosing a Special Needs Trusts Trustee, Trustee Duties and Responsibilities to Beneficiaries of SNTs, plus Structured Settlement Annuities

Session 1: What to Look for When Choosing a Trustee - This presentation focuses on the factors that should be considered when choosing a trustee of a special needs trust. Which trusts are required to have a corporate fiduciary? Which ones can have either an individual or corporate fiduciary? What questions should be asked when selecting a trustee?

Session 2: Trustee Duties and Responsibilities to Beneficiaries of Special Needs Trusts—Texas Style - Take a closer look at the duties and responsibilities expected of Trustees when serving as Trustee of a Texas Special Needs Trust. What does a Trustee need to do to properly use its sole discretion to meet a Beneficiary’s special needs while making decisions in the best interest of the Beneficiary? It isn’t all about the money!

Session 3: Structured Settlement Annuities - A basic understanding of structured settlement annuities, including income tax advantages and other benefits for the Trustee; a description of the internal rate of return, plus evaluating guarantee periods and compound annual payment increases; considerations when changing the beneficiary designation on the structure; and potential pitfalls such as overfunding the structure or purchasing a life-only annuity are identified.

Includes: Audio Paper Slides