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Family Law - Third-Party and Self-Created Trusts: A Modern Look

Description

Book Synopsis: Written by Clifton B. Kruse, Jr., a well-known expert in the fields of estate planning and elder law, this updated edition of Third-Party and Self-Created Trusts explains the effect that governmental legislation has had on trust law and guides you through the maze of federal laws that affect planning for the elderly and disabled.

Focusing on the effect of the Omnibus Budget Reconciliation Act of 1993 on trusts for older and disabled Americans, this guide includes the full text of this act and outlines how it affects the drafting of trusts, illustrated by a comprehensive chart showing OBRA 1993's effect on nine commonly used trusts.

Third-Party and Self-Created Trusts includes sample forms and language reflecting the most current rulings, dozens of real-world examples, and detailed endnotes that will help you:

  • Draft trusts for individuals who have disabled children or elderly or disabled parents so that the trust beneficiary is not disqualified from receiving government entitlement programs
  • Outline the necessary case law and language that should be considered when drafting wills and trusts for such clients
  • Include language in the trust for disabled clients who may be receiving Medicaid and wish to retain a supplemental fund for themselves until their death.

In addition to updating the material from the earlier editions, the trust forms have been amended where appropriate.

Details

Are you uncertain about the effect that governmental legislation has had on trust law? Do you struggle to navigate through the complex federal laws that impact planning for the elderly and disabled? Look no further! Introducing Third-Party and Self-Created Trusts: A Modern Look Book. Written by renowned expert Clifton B. Kruse, Jr., this updated edition is your comprehensive guide to understanding and incorporating the changes brought about by the Omnibus Budget Reconciliation Act of 1993.

This invaluable resource not only explains the impact of OBRA 1993 on trusts for older and disabled Americans but also provides a step-by-step framework to help you draft trusts with ease. With the full text of the act included, you'll have the necessary knowledge to navigate the maze of legislation and ensure your planning is in compliance.

One of the standout features of this guide is the comprehensive chart that illustrates how OBRA 1993 affects nine commonly used trusts. This visual representation will empower you to make informed decisions when drafting trusts for individuals with disabled children or elderly or disabled parents, ensuring that the trust beneficiaries do not lose their government entitlement programs.

But that's not all! Third-Party and Self-Created Trusts goes above and beyond by including sample forms, up-to-date rulings, and real-world examples. You'll have all the resources you need to draft wills and trusts that not only consider the necessary case law but also cater to the unique needs of disabled clients who may be receiving Medicaid. Take advantage of the detailed endnotes to further enhance your understanding and refine your craft.

With amendments to trust forms made where appropriate, you can trust that this updated edition of Third-Party and Self-Created Trusts is the ultimate resource for mastering the complexities of trust law. Don't miss out on this opportunity to elevate your estate planning and elder law practice.

Ready to dive into the modern world of trust law? Click here to get your copy of Third-Party and Self-Created Trusts: A Modern Look Book and embark on a journey towards expertise in estate planning!

Disclosure: I get commissions for purchases made through links in this website