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The Special Needs Trust Improvement Act of 2022 – a chance to benefit charitable organizations after your loved one is cared for
A new avenue has opened for those who want to not only care for their loved one affected by disability, but also support the charitable organizations that are so vital for their loved one’s care. The Special Needs Trust Improvement Act of 2022 now allows for a charitable organization to be designated as the remainder…
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Special Needs Trust – Charitable Beneficiary Now Permitted
You can now have an irrevocable special needs trust that has a charitable remainder beneficiary without the traditional concern about that donation affecting the term over which funds must be taken. Historically, inherited retirement funds are required to be withdrawn over a ten year period. However the Federal Secure Act (now the 1.0 version) made…