Have you ever wondered how to ensure financial security for a disabled loved one after you're gone? Or perhaps you're looking for ways to navigate the complexities of estate planning when it comes to disability benefits. In either case, understanding the ins and outs of Qualified Disability Trusts (QDTs) is a game-changer.

In this episode, host Annette Hines talks with Mark Worthington, Senior Counsel at Special Needs Law Group of Massachusetts, P.C.. Annette and Mark discussed the intricacies of qualified disability trusts and the significant impact of the Secure Act and Secure 2.0 regulations on retirement and estate planning. These regulations have introduced essential adjustments, particularly affecting minimum distribution requirements and allowing charities to be designated as beneficiaries, providing greater flexibility in special needs trusts (SNTs). This is invaluable information that will make all the difference for you and your loved one’s futures. 

In this episode, you will hear:

• How the Secure Act and Secure 2.0 Regulations impact minimum distribution requirements and charity beneficiaries

• Why you should be thoughtful about your trustees

• What the tax implications of third-party special needs trusts are based on income earned and distributions made

• How a trust can inherit an IRA

• What you need to know about ABLE Accounts and why you should have one
  
  

Resources from this Episode:

Mark W. Worthington: https://specialneeds-law.com/about-us/mark-w-worthington/

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