Special Assistance Network attends seminar on Navigating Tax Challenges of ABLE Accounts and Special Needs Trusts

The Special Assistance Network attended a seminar on “Navigating Tax Challenges of ABLE Accounts and Special Needs Trusts” sponsored by LawPracticeCLE in Lakewood Ranch, Florida. This presentation reviewed the basic rules and tax ramifications of ABLE Accounts, 3rd Party Special Needs Trusts, and 1st Party Special Needs Trusts. There was a comparison and contrast of each of these types of accounts, when each should or should not be used, and how they interact with one another. There was also discussion into public benefits and income tax planning regarding the use of these available accounts. The seminar provided updated information to the Special Assistance Network in helping its clients on a day-to-day basis in making valuable and important decisions.