Elder Law Attorney Michael J. Amoruso Presents at Stetson University College of Law 2010 Special Needs Trust National Conference
Rye Brook, NY (Law Firm Newswire) December 6, 2010 – Michael J. Amoruso, Managing Partner at Amoruso & Amoruso, LLP, recently lectured at the Stetson University College of Law’s 2010 Special Needs Trust National Conference in Tampa, Florida.
The conference, which was attended by special needs professionals, attorneys, estate planners, financial advisors and CPAs, provided insight on the development, administration and monitoring of special needs trusts.
Trusts that address special needs provide asset protection for individuals with disabilities and the elderly, enabling them to receive government benefits through Medicaid, Social Security Disability Insurance and Supplemental Security Income. The protected assets are used solely to care for the individual.
In his presentation, “Putting a Human Face on an SNT: The Beneficiaries of SNTs,” Amoruso reviewed the “one size does not fit all” concept in special needs trust drafting. He addressed how special needs trusts are developed for different types of individuals and the impact of beneficiaries on the trust administration.
“Special needs trusts are especially important for those who are unable to handle their personal finances,” said Amoruso, “and each individual’s circumstances are unique.”
“There are myriad advantages to preparing special needs trusts, including preserving eligibility for government benefits while insuring that there are assets available to pay for needs not covered by government benefits. They also protect the depletion of case settlements to pay for health care. Most importantly, special needs trusts provide families with peace of mind, knowing that they are helping to properly care for their loved ones,” he added.
Amoruso & Amoruso, LLP is located at 800 Westchester Avenue, Suite S-320, Rye Brook, NY. For additional information, visit www.amorusolaw.com or call 914-253-9255.
About Amoruso & Amoruso, LLP: Established in 2001, Amoruso & Amoruso, LLP is a law firm dedicated to assisting clients at all stages of life to prepare and plan for themselves and their loved ones through long term care planning, estate, tax, financial and elder law planning. The firm takes a proactive approach, using its experience, skill and knowledge to develop a comprehensive plan for the benefit of each client. A unique working relationship brings a distinctive and highly beneficial perspective to each client’s case.
CONTACT: Lauren B. Schiffman
Lauren [a] cocomunications.com