Once a “sleeper” technique, sole benefit trusts have generated considerable attention over the last few years. Now sole benefit trusts are much discussed, much misunderstood. Are they a type of special needs trust? Do they shelter assets? Do they allow for sanction-free transfers? What are the federal requirements? And are states over extending? Properly understood, sole benefit trusts can be a powerful strategy in any long term care planner’s playbook. Incorrectly understood, they can be a ticket to malpractice. Learn the “ins and outs” of sole benefit trusts from an expert in just 90 minutes.
Other areas of interest