1. Update to the Social Security POMS
Travis Finchum
Special Needs Lawyers, P.A.
Clearwater, Florida
SpecialNeedsLawyers.com 1

2. Update to the Social Security POMS
POMS updates April 30, 2018

3. SI pgs 1-40 SI pgs SI pgs
POMS updates April 30, 2018

4. Found at: SpecialNeedsLawyers.com/blog/

5. SI 01120. 200 – Trusts general SI 01120. 201 – Self-settled SI 01120
SI – Trusts general SI – Self-settled SI – Exceptions to general policy that all self settled trusts count

6. pages 4 and 5

7. page 8

8. page 12

9. page 15

10. .200 F - page 20

11. pages 20-21

13. If the trust was established… follow instructions in:
page 25
b.  Which instructions apply when determining the resource status and income treatment of a trust
Depending on the trust’s date of establishment and whose funds the trust principal contains, follow these instructions to determine the resource status and income treatment of the trust:
If the trust was established…
and contains…
follow instructions in:
on or after January 01, 2000,
any assets of the individual,
SI ,
SI  through
SI ,
SI  and SI
only assets of third parties, SI
before January 01, 2000,
assets of the individual transferred before January 01, 2000,
any assets of the individual transferred on or after January 01, ,
SI , and

14. Post Eligibility changes Change in policy affects trust
pages 28-30
Post Eligibility changes
Change in policy affects trust
90 day amendment periods

15. pages 30-34
Trust review process

16. pages 35-39
Lots of Examples

17. page 57

18. .201 F - page 58

19. .201 F - page 58

22. .201 F - pages

23. .201 F - page 60

24. .201 I - pages 64-65

25. .201 I - pages 65-66

26. .201 I - pages 66-67

27. .201 I - pages 67

28. .203 B - page 78

29. .203 B - page 82

30. .203 D - page 88 …
A power of attorney (POA) is legal authority to act with respect to the assets of an individual. A pooled trust account may be established under POA given by the individual, a parent, or a grandparent.

31. Hot Topics In Special Needs Trusts
New POMS, April 30, 2018
SNT Fairness Act
ABLE Accounts – can clearly fund them with SNT’s - getting around ISM issues for those on SSI.
Pooled Trusts over age 65 – challenges going on in Colorado and Maine. Proving “disability” in Florida.
D4A’s and d4C’s for over income cases and “other” Medicaid programs
How to do third party SNT’s? – stand alone (revocable or irrevocable), embedded in a RLT, under will, pooled?
Self Settled Trusts that convert into d4A’s if necessary. Trigger Trusts.
Decanting bad or marginal SNT’s
QIT issues – works for which programs, limitations
Creative uses of Pooled Trusts – paying PSK’s, buying Income Producing property, handling rental income

32. Special Needs Lawyers, P.A.
Thank you.
Travis Finchum
Special Needs Lawyers, P.A.
Clearwater, Florida
SpecialNeedsLawyers.com 32