[WSBAPT] Special Needs resources

[Diane J. Kiepe]

Kira,

I don’t think investment types should change significantly based on the needs of a beneficiary but the trust administration language of course is crucial.  There should be very specific SN language, no payout age (like many trusts), don’t use UTMA, no powers of appointment, etc.

In addition, I would just add to consider an ABLE account if the facts are such that this  is a viable option – ABLE accounts are limited in contribution amount and total holding amount but the investments do grow tax free.

Good Luck,


Diane J. Kiepe

Diane J. Kiepe
Douglas Eden
717 W. Sprague Ave.
Suite 1500
Spokane, WA  99201
djkiepe at depdslaw.com<mailto:djkiepe at depdslaw.com>
509-455-5300



From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Kira Rubel
Sent: Thursday, April 9, 2020 8:33 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Special Needs resources

Good morning, list! I am inquiring for a client who has a special needs daughter. Does anyone have any great suggestions on investment vehicles for special needs kids?

Thanks!

Kira M. Rubel

*Licensed in CA and WA

The Harbor Law Group (formerly, Law Office of Kira M. Rubel)

3615 Harborview Drive NW, Suite C (on the dock)

Gig Harbor, WA 98332-2129

Tel.  (253) 251-2955 | (800) 836-6531

Fax. (206) 238-1694

Zoom ID. (253) 251-2977

www.theharborlawgroup.com<http://www.theharborlawgroup.com>

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