The Dos and Don'ts of Special Needs Trusts

Members joined Rachael Gould, National Head of Guardianship and Special Needs Trust Administration at BMO Wealth Management, for an informative presentation on Special Needs Trust planning and administration.

Key topics included:

• Different types of Special Needs Trusts and when each may be appropriate
• Common planning mistakes that can jeopardize public benefits eligibility
• Trustee responsibilities and best practices for trust administration
• Guardianship and decision-making considerations
• Caregiver and payroll-related issues families often encounter
• Preserving government benefits while enhancing a beneficiary's quality of life
• Practical strategies to help families avoid costly errors and unintended consequences

Attendees gained valuable insights into how thoughtful planning and proper trust administration can help protect vulnerable beneficiaries while preserving access to important government benefits.