Can a Special Needs Trust Pay for Housing Without Reducing SSI Benefits?
Trustees of special needs trusts generally have wide discretion in determining whether to distribute funds to trust benefi...
Read moreThe answer depends on whether the trust allows disbursements for utilities. If it does, you need to assess the disbursement's impact on the beneficiary's government benefits. If the beneficiary receives SSI , the payment of utilities can reduce his SSI benefit by up to $264.33 in 2015. If the beneficiary also receives Medicaid, you will need to consult a local special needs planner to determine the effect of the distribution. Payments of utilities will also increase a beneficiary's Section 8 housing rent.
Local Special Needs Planners in Your City
Trustees of special needs trusts generally have wide discretion in determining whether to distribute funds to trust benefi...
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A special needs trust has been likened to a "parent's pocket" -- that is, it pays for the kinds of things that a parent wo...
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A special needs trust can allow individuals?with special needs?to preserve?assets that will?enhance their?quality of life...
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