National Autism Association New York Metro Chapter invites you to join us for
Impact of New Tax Laws & Administrating a Special Needs Trust – Things Families Need to Know
with
Bruce Maier, Director of Special Needs Planning & Bill Considine, Regional Vice President of Ameriprise Financial
and
Louis Pierro, Esq. of Pierro, Connor & Strauss, LLC
Date: Wednesday, December 5th, 2018
Time: 6:30 pm – 8:00 pm
Location:
Iron Birch Advisors
767 Third Avenue (corner of 48th Street)
38th Floor
New York, NY 10017
There is no fee but kindly RSVP below and please remember to bring a photo ID.
About the event
In December, 2017, Congress passed a new tax law with some portions of the law permanent while others are temporary, during 2018 and through year 2025.
Ameriprise Financial has identified some areas that may affect you as taxpayers, of this tax year and for years to come. For example, for families with special needs loved ones, there is now an enhanced income tax benefit to using a Qualified Disability Trust (the “QDT”), an increase in the personal exemption, and for the first time, an exemption against the “kiddie tax.”
In addition, the new law includes expansion of ABLE accounts and allowance of 529 Plan rollovers.
Administrating a Special Needs Trust requires balancing of proper investments, management of distributions and reporting of taxes, to serve the best interests of the beneficiary. This complex mix of trustee duties requires special knowledge and an appropriate team of professionals. Learn how changes in the tax law have impacted the management of special needs trusts and how one as a trustee, can serve the best interests of one’s child while staying clear of the administrative minefield.
The NAA NY Metro looks forward to welcoming you at the Iron Birch Advisor’s location for this seminar.
About Bruce Maier, Bill Considine, and Louis Pierro
Bruce Maier and his team at Ameriprise Financial specialize in financial planning for families with Special Needs. The strength of the team lies in the ability to make sure that families are not disqualified from any state or federal aid that may be available to them. The team helps families plan for two generations.
Bill Considine works with the Ameriprise Financial advisors to provide retirement advice to all the clients.
Louis Pierro and Peter Strauss have 90 years of combined experience in serving families and individuals with special needs, in addition to estate and trust planning, elder law and tax and business planning. They design special needs trusts that lay out the personal, educational, financial and healthcare needs of individuals. Our attorneys can also lead the team of professional advisors to ensure that all aspects of disabled child’s needs will be met.
