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Sept
2019
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Associate Photo
Phillip M. Krause
401 E. Las Olas Blvd, Suite 1400
Fort Lauderdale, FL 33301
Office 954-372-1071
Cell 954-661-5105
Fax 954-756-8011

FROM MY DESK:
3 Reasons to Fund an SNT with a Structure

Dear Colleague,

Funding a Special Needs Trust with a structured settlement provides three primary benefits:

1) Trusts may be subject to high tax rates, so it often makes sense to feed the trust systematically as opposed to placing 100% of the settlement in trust right away.

2) People with Special Needs Trusts generally have lifetime needs. Lifetime annuities guarantee the money won’t run out due to poor investment results, dissipation, etc.

3) Trust assets are generally subject to ongoing asset management and/or trustee fees. Much like avoiding excessive taxation, feeding the trust can reduce these costs.

THERE'S MORE.

SNT Armor
Photo by Nik Shuliahin on Unsplash

Did you know that Medicaid will pay up to 283 hours of in-home caregiving support in most states, saving an injured person approximately $67,000 a year based on the national average cost of homemaker services? And that's just one example of a public benefit that can be protected by wielding a Special Needs Trust (SNT) at settlement for those who qualify.

Now recent policy changes make SNTs even more attractive, but the challenge is to know what’s at stake, who is eligible and when to don the SNT armor!

READ ON

Ringler Radio TRIPLE Feature

  • Legal Technology and Settlement Planning

  • Product Liability and Defective 3M Earplugs

  • Professional Administration and Structures

LISTEN NOW

Settlement Strategies

SNT Stretches Settlement Dollars in Tragic Case

READ STORY

  
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