Special Needs Trusts Vocab List: An Essential Glossary for Trustees
At BLISS 1041, we believe in the power of clear communication and shared understanding. We know that the world of Special Needs Trusts (SNTs) comes
July 20, 2023
Resources for Trustees
We are committed to providing educational resources for the special needs trust community. We’ve put together this ever-growing compilation of articles and resources tailored to address the unique challenges you face in SNT management. We’re all about facilitating an ongoing conversation around SNT management, breaking down complex topics into easy-to-digest information.
Featured Articles
Understanding Expenses, Disbursements, and Deductibles in Pooled Special Needs Trusts
A guide to understanding which expenses are deductible and which are not, as well as how beneficiary disbursements may factor into tax deductions.
July 20, 2023
A Comprehensive Tax Preparation Guide for Special Needs Trust Trustees
This guide will help you prepare for tax season. We cover everything you need to gather and know to be successful.
July 20, 2023
Navigating State and Local Taxes for Special Needs Trusts: A General Guide
July 20, 2023
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Understanding the state and local taxes, commonly referred to as SALT, is a crucial aspect of managing Special Needs Trusts (SNTs). The tax obligations of
Special Needs Trusts Vocab List: An Essential Glossary for Trustees
July 20, 2023
No Comments
At BLISS 1041, we believe in the power of clear communication and shared understanding. We know that the world of Special Needs Trusts (SNTs) comes
Understanding IRS Name Control for Special Needs Trusts
July 20, 2023
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Navigating the filing process for a Special Needs Trusts can feel daunting. One unique requirement to electronically file a return is the Name Control assignment.
Special Needs Trust Guide to Foreign Beneficiaries
July 20, 2023
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When managing a pooled Special Needs Trust that includes foreign beneficiaries, trustees encounter unique challenges that require careful attention. In this comprehensive guide, we will
What is a Schedule K-1 from Your Special Needs Trust?
July 20, 2023
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At BLISS 1041, we understand that managing your finances as a beneficiary of a pooled special needs trust can feel overwhelming. One of the challenges
Did You Receive a Grantor Tax Letter from a Special Needs Trust
July 20, 2023
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Understanding the Grantor Tax Letter When a Self-Settled or Grantor-Type Special Needs Trust (SNT) generates income, it must provide a Grantor Tax Letter to the
Understanding Expenses, Disbursements, and Deductibles in Pooled Special Needs Trusts
July 20, 2023
No Comments
A guide to understanding which expenses are deductible and which are not, as well as how beneficiary disbursements may factor into tax deductions.
A Comprehensive Tax Preparation Guide for Special Needs Trust Trustees
July 20, 2023
No Comments
This guide will help you prepare for tax season. We cover everything you need to gather and know to be successful.