Owning a vacation home can create complicated family estate and income tax issues. Keeping the cottage and property in the family will not happen without thoughtful planning.
David R. de Reyna, Estate Planning Practice Group Co-Leader at Kotz Sangster, served as a speaker for The Salvation Army’s “Estate Planning Seminar 2016.” The program, which was held on October 27, 2016, in Troy, is provided annually as a service to financial planners and estate planning professionals.
Presenting on “Special Needs Trusts,” David covered issues and addressed questions associated with disabled or mentally ill beneficiaries. He explained that the focus of the Special Needs Trust was to ensure a beneficiary’s specific health and welfare needs, keeping lifestyle and the future in mind.
David has served as an adjunct professor at the University of Detroit Mercy School of Law for the past 20 years, teaching various tax and estate planning courses. He is a member of The Salvation Army Planned Giving Committee.