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www.finkvalvolaw.com Use of Amenities Trusts Alternatives to - PowerPoint PPT Presentation

Mar 09, 2024 •174 likes •292 views

JOSHUA R. FINK FINK & VALVO, PLLC 320 NORTH MAIN STREET SUITE 300 ANN ARBOR, MICHIGAN 48104 734.994.1077 joshua.fink@finkvalvolaw.com www.finkvalvolaw.com Use of Amenities Trusts Alternatives to Guardianship OBRA 93 Trusts

  1. JOSHUA R. FINK FINK & VALVO, PLLC 320 NORTH MAIN STREET SUITE 300 ANN ARBOR, MICHIGAN 48104 734.994.1077 joshua.fink@finkvalvolaw.com www.finkvalvolaw.com

  2.  Use of Amenities Trusts  Alternatives to Guardianship  OBRA 93 Trusts

  3.  Amenities Trusts  Cost of Personal Assistance  Protecting benefits  Enhancing the Quality of Life

  4.  Estate Planning  Consequences of No Estate Plan  Lack of Control  Probate  Taxes  Loss of Benefits

  5.  Benefits of Planning with Trusts  Greater Control  Probate Avoidance  Minimize Estate Tax

  6.  Drafting the Trust  Inclusion in Revocable Trust  Defining Amenities  Restrictions on Use of Assets  Distribution upon Death of Child

  7.  Funding the Trust  Disability Can Determine Amount of Funding  Multiple Children – Single Child  Percentage/Specific Amount  Two-Tiered Trust  Unrestricted Trust

  8.  Choosing Trustees and Advisors  Corporate v. Individual  Co-Trustees  Advisors

  9.  Planning for Death or Incapacity of Parent  Why Guardianship is Pushed  Reason to Reconsider Guardianship  Court Jurisdiction  Annual Reports  Periodic Reviews  Appointment of Independent Guardian

  10.  Options  Trust  Power of Attorney  Care Contract  Rep Payee

  11.  Initial Eligibility or Ongoing Eligibility  Avoid Wasting Assets  Requirements  Payback  Judicial Creation  Distribution of Assets on Behalf of Beneficiary

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