BarbriSFCourseDetails
  • videocam Live Webinar with Live Q&A
  • calendar_month March 24, 2026 @ 1:00 p.m. ET./10:00 a.m. PT
  • signal_cellular_alt Intermediate
  • card_travel Estate Planning
  • schedule 90 minutes

Taxation of Special Needs Trusts: First-Party vs. Third-Party Trusts, Reporting, Tax Planning

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Discount expires 2/17/26

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CLE
CPE
ALL
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About the Course

Introduction

This CLE/CPE webinar will provide estate planners and advisers guidance on the taxation of special needs trusts (SNT). The panel will discuss distinctions between first-party and third-party trusts, reporting requirements, tax planning strategies to avoid adverse tax implications, and other key considerations for practitioners working with these trusts or clients in need of SNTs.

Description

SNTs are an integral part of estate planning, but counsel must know when SNTs are appropriate, understand the challenges for first-party vs. third-party trusts, and grasp the taxation and reporting requirements when administering these trusts.

The fiduciary and reporting responsibilities for SNTs are among the most complex. They can be structured as a third-party trust, where the income can be taxed at the beneficiary or trust level. However, if structured as a first-party trust, the income is always taxable to the beneficiary, even when there are no distributions. Understanding when to distribute income can provide significant tax savings or needed cash flow for a trust and its beneficiary.

Estate planners and advisers working with these trusts or who have clients that could benefit from an SNT need to understand the reporting responsibilities and planning opportunities that come with these trusts.

Listen as our panel discusses first-party and third-party trusts, reporting requirements, tax planning strategies, and other key considerations for practitioners working with these trusts or clients in need of SNTs.

Presented By

Diedre Wachbrit Braverman
Managing Attorney
Braverman Law Group, LLC

Ms. Braverman practices in the areas of estate planning, special needs planning, asset protection, elder law and business planning.

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Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

  • CPE credit is not available on recordings.

  • BARBRI is a NASBA CPE sponsor and this 90-minute webinar is accredited for 1.5 CPE credits.

  • BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).


  • Live Online


    On Demand

Date + Time

  • event

    Tuesday, March 24, 2026

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

I. Overview of SNTs

II. First-party vs. third-party SNTs

A. Reporting requirements

B. Distributions

III. Coordinating with ABLE accounts

IV. Best practices and pitfalls to avoid

The panel will review these and other key issues:

  • Tax issues to consider in the drafting process
  • Recognizing first- and third-party SNTs
  • Key reporting differences between first- and third-party SNTs
  • 1041 filing options for first-party SNTs
  • Coordinating an ABLE account and an SNT

Learning Objectives

After completing this course, you will be able to:

  • Identify key differences between first- and third-party SNTs
  • Decide how first-party trust income is reported on Form 1041
  • Ascertain specific clients who may benefit from an SNT
  • Field of Study: Taxes
  • Level of Knowledge: Intermediate
  • Advance Preparation: None
  • Teaching Method: Seminar/Lecture
  • Delivery Method: Group-Internet (via computer)
  • Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
  • Prerequisite:

    Three years+ business or public firm experience preparing complex tax forms and schedules, supervising other preparers or accountants. Specific knowledge and understanding of estate, gift and trust taxation including various trusts types, the unified credit, and portability.

BARBRI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.

IRS Approved Provider

BARBRI is an IRS-approved continuing education provider offering certified courses for Enrolled Agents (EA) and Tax Return Preparers (RTRP).

BARBRI CE webinars-powered by Barbri-are backed by our 100% unconditional money-back guarantee: If you are not satisfied with any of our products, simply let us know and get a full refund. Contact us at 1-800-926-7926 .