Description

Third-Party and Self-Created Trusts: A Modern Look Rebecca C Morgan ISBN 9781639052691

Written by Clifton B. Kruse, Jr., a recognized authority in estate planning and elder law, this updated edition of Third-Party and Self-Created Trusts provides clear guidance on how federal legislation has reshaped trust law, particularly for the elderly and disabled. It offers a thorough roadmap through the complex web of federal rules affecting trust planning, with a focus on the impact of the Omnibus Budget Reconciliation Act of 1993 (OBRA 1993). This edition includes the full text of the Act and a detailed chart illustrating how OBRA 1993 affects nine commonly used trusts, helping practitioners translate law into effective planning strategies.

Third-Party and Self-Created Trusts features:

• Sample trust forms and language reflecting the most current rulings

• Dozens of real-world examples demonstrating practical application

• Detailed endnotes to guide drafting decisions

This guide helps you:

• Draft trusts for individuals with disabled children or elderly or disabled parents while preserving eligibility for government benefits

• Incorporate key case law and statutory language when drafting wills and trusts for such clients

• Include provisions allowing disabled clients receiving Medicaid to maintain a supplemental fund for personal use

In addition to updating the material from prior editions, this edition revises and enhances trust forms to reflect current legal developments.

Third-Party and Self-Created Trusts: A Modern Look Rebecca C Morgan ISBN 9781639052691, 978-1639052691 & 9781639052707

Authors
Rebecca C Morgan
Robert B Fleming Jr
Bryn Poland