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common mistakes that people make is they
fail to report
to the agencies that
the beneficiary is receiving benefits
from you have to report all of the
transactions
uh once a year
to the attorney general plus to to
whoever you’re receiving benefits from
uh whether it’s the department of social
services
uh social security disability medicaid
and a lot of people forget that and they
simply don’t do it and then they end up
in a removal proceeding or a serious
penalty
years down the line because they simply
failed to report
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NY estates planning & probate attorney Russel Morgan, Esq. discusses some of the common mistakes made when setting up a special or supplemental needs trust.