1423 Tilton Road, Northfield, NJ 08225                                                                                                                                                                                                                      
609-380-4918
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Seminar

On November 5, 2019

19-18 EHU 11/05/19 Trusts Overview

$ for Member / Early Bird Fee $ before November 30
$ for Non Member / Early Bird Fee $ before November 30    Become Member

I. BACKGROUND

  1. Types of trusts
    1. What is a trust?
    2. Inter vivos vs. testamentary
    3. Revocable vs. irrevocable
  2. Purposes of trusts
    1. Tax planning (only for large estates)
    2. Other estate planning goals ("blended" families, divorces, etc.)
    3. Planning for disabled children
    4. Planning for parent's long-term care (Medicaid)
  3. The Trustee
    1. Definition of a Trustee
    2. Duties and responsibilities

II. SPECIAL NEEDS TRUSTS

  1. Purpose
  2. First party (d4a)
  3. Third party
  4. Pooled trust

III LONG-TERM CARE (MEDICAID) PLANNING TRUSTS

  1. Background / Medicaid
  2. Planning for Medicaid Applicant's Excess Income: Miller Trusts / Qualified Income Trust ("QITs")
    1. Purpose
    2. Requirements
  3. Planning for Medical Applicant's Excess Resources:
    1. Income-Only Trust
    2. Third-Party "Donee" Trust (Gift from Parent to Child)
    3. "Sole Benefit" Trust

IV. Q & A

 

 

 

  1. Tangible Property Regulations (TPRs) - Especially with new Bonus Depreciation rules, proactive tax planning has changed under TCJA. Tangible Property Regulations are still an important and effective tool whenever properties are renovated or maintained. This session will discuss the history of TPRs and how they are applied to property acquired prior to as well as after TCJA.

 

 

 

 

Start: November 5, 2019 06:00 pm
End: November 5, 2019 08:00 pm
Course Objective To increase knowledge.
CPE Hours 2/2
IRS Program Number C0FYB-T-00183-19-I
Level Basic
Prerequisites None
Field of Study Taxes,Federal Tax Law Update

Kean University, Hillside, NJ
215 North Avenue
Hillside, NJ 07205
Phone
908-737-5326
Website
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Organized By: NJAPA
NJAPA has always been dedicated to increasing and maintaining a high standard of proficiency and integrity among its members; cultivating a spirit of professional cooperation among its members; and establishing good will and understanding between the public and the membership.
Address: 1423 Tilton Road, Unit 1
Northfield
US, 08225
Phone: 609-380-4918
Email: nj_apa@comcast.net
Website: http://njapa.info
Donald D. Vanarelli

Donald D. Vanarelli is a Certified Elder Law Attorney by the National Elder Law Foundation, and ABA-certifying organization. Mr. Vanarelli represents older or disabled persons and their representatives with various issues, including financing long-term, nursing home issues, qualifying for Medicaid and other public benefits, special needs planning, guardianship proceedings, estate planning and probate matters. Mr. Vanarelli received the Marilyn Askin Lifetime Achievement Award from New Jersey State Bar Association's Elder and Disability Law Section in 2015 for a number of precedent-setting legal victories which advanced the rights of seniors and persons with disabilities. He has been approved as an Accredited Professional Mediator in civil, equity and probate litigation and is co-founder of the Elder Mediation Center of New Jersey. He is a trained collaborative law practitioner. He is also a Registered Guardian. Mr. Vanarelli is also accredited by the U.S. Department of Veterans Affairs to represent veterans in their claims for VA benefits. A practicing attorney since 1983, Mr. Vanarelli is admitted to practice law in New Jersey and New York. He served as Chair of the New Jersey Bar Association Elder and Disability Law Section and is a member of the the Union County Elder Law Committee and the National Guardianship Association. Mr. Vanarelli is a past Chair of the Somerset County County Elder Law Committee, and past Secretary of the New Jersey Chapter of the National Academy of Elder Law Attorneys. Mr. Vanarelli was named to the "Super Lawyer" list in years 2007-2019. Mr. Vanarelli is a graduate of Montclair State College and Rutgers Law School. He served as law clerk to Hon. Herbert S. Alterman, J.S.C. before becoming an attorney, he worked for the Social Security Administration, deciding claims for benefits under the Social Security disability, Supplemental Security Income ('SSI'), Medicate and Medicaid programs. He also served as a Peace Corps Volunteer in Kathmandu, Nepal.

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