Planning for Special Needs and Circumstances

Free CFP Exam lesson in Estate Planning. 15 min read, ~2,267 words.

First-party (d4A) SNT: funded with the beneficiary's own assets, requires Medicaid payback, and must be established before age 65. Third-party SNT: funded with someone else's assets, with no Medicaid payback and no age limit. Never mix first-party and third-party funds in a single trust. ABLE accounts: tax-free growth, $19,000 annual...