[This article was originally printed in the Straight Word, a publication of the Burlington County Bar Association.]<\/strong><\/p>\n

by Thomas D. Begley, Jr., CELA<\/p>\n

There are a number of mistakes that scriveners make in drafting special needs trusts. This article will discuss those that frequently occur.<\/p>\n

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Including a Payback Provision in a Third-Party Special Needs Trust. <\/em>Payback provisions are a creature of Omnibus Budget Reconciliation Act of 1993 (OBRA-93).[1]<\/a> This statute relates solely to first-party special needs trusts. There is no federal statute governing third party special needs trusts. These trusts are governed by the Program Operating Manual System of the Social Security Administration (POMS). There is no requirement in the POMS for a payback provision in a third-party special needs trust. Inclusion of such a provision would require the trustee to make such a payback and subject the scrivener to a potentially serious malpractice action.<\/li>\n
Creating a Self-Settled Special Needs Trust for an Individual Over (more…)<\/span><\/a><\/em><\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
[This article was originally printed in the Straight Word, a publication of the Burlington County Bar Association.] by Thomas D. Begley, Jr., CELA There are a number of mistakes that scriveners make in drafting special needs trusts. This article will…<\/span><\/p>\n
Read more ›<\/a><\/div>\n
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