Special Needs Trusts
Special needs trusts offer flexibility in managing assets while being mindful of tax implications. It's crucial to avoid funding these trusts until necessary to minimize tax burdens, as they are taxed at high rates. By converting traditional retirement accounts to Roth IRAs, individuals can create a tax-efficient legacy for their beneficiaries, allowing for potential growth over time without excessive taxation.In this clip
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108 | Setting up a Special Needs Trust
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