Special Needs Trust Admin: Creating the Spending Plan, Making Ap

What is one of the strategies for managing trusts in the least restrictive manner for a "difficult" client?

• Limiting the client's ability to give gifts

• Creating a "bucket list" in anticipation of death

• Not understanding the scope of what the client really wants funds for

• Authorizing all expenditures without an annual plan

When anticipating expenditure requests, what is a recommended action to take for external challenges with "difficult" clients?

• Establishing an annual plan

• Providing unlimited credit card reimbursement

• Ignoring POMS rule regarding credit card reimbursement

• Encouraging the client to spend freely

What is a suggested method to prevent problems with benefits or depletion of funds when dealing with a "difficult" client?

• Always saying "yes" to the client's requests

• Replacing trigger words

• Providing a quote when the client doesn't have enough money

• Freeing up funds that are out of the client's control

Which of the following is a financial stress factor that may need to be addressed when managing a special needs trust?

• Investment in high-risk stocks

• Past debt pressure from debt collectors

• Excessive luxury spending

• Overfunding the trust

What is an appropriate action to take when a "difficult" client is experiencing emotional stress or adjustment disorder?

• Disagree with the client to show authority

• Project your own problems onto the client

• Agree with the client and demonstrate compassion

• Ignore the client's grief process

How should a trust administrator respond to a "difficult" client with mental illness?

• Ignore repetitive behavior patterns

• Educate staff on procedures to manage abusive calls and language

• Set no limits on the client's requests

• Avoid action for conservatorship at all costs

What is a sign of education deficits in a "difficult" client managing a special needs trust?

• Having multiple degrees in finance

• No experience or distrust of banks and institutions

• Proficiency in advanced calculus

• Overconfidence in managing funds

According to the Uniform Prudent Investor Act (UPIA), a trustee must manage trust assets in a way that:

• Focuses solely on generating the highest possible returns.

• Ignores the terms, distribution requirements, and other circumstances of the trust.

• Exercises reasonable care, skill, and caution.

• Prioritizes investments with the highest risks for potential high returns.

What should a Fiduciary/Conservator/Trustee of an estate do according to the responsibilities listed?

• Only ascertain the income and assets of the person.

• Communicate the role of the Fiduciary to the person and coordinate with others close to the person.

• Avoid consulting with others close to the person.

• Become educated about the nature of any incapacity, but not the functional capabilities of the person.

What is the purpose of the financial plan and budget developed by the Fiduciary according to the NGA Standard 18?

• To ensure the Fiduciary receives a fixed income from the person's assets.

• To address the goals, needs, and preferences of the person and ensure the care plan for the person is adequate.

• To invest in high-risk assets regardless of the person's care needs.

• To communicate irregularly with other health care decision-makers.