Questions & Answers
Can Our Son Use His SNT to Take Us With Him on Vacation?
My nephew lives in a group home and has a special needs trust (SNT). He wants my husband and I to take him on a vacation. He is not able to go without us taking him. Can he pay for...
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- Special Needs Trusts
Can I Put My Inheritance in a Third-Party SNT?
I'm on Medicaid and SSI. I'll be receiving a financial inheritance within the next year or less. Can I deposit my own inheritance in a Third-Party Special Needs Trust and spend it on myself? I really need to be able...
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- Special Needs Trusts
Can a Special Needs Trust Rent an Apartment?
I'm receiving SSDI. I'm on Medicaid. Can a special needs trust rent an apartment? Can a special needs trust be a co-tenant on a lease?...
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- Special Needs Trusts
With a Special Needs Trust, What Is Principal vs. Income?
My daughter lives in HUD-supported housing, and her rent is 30% of her income. It appears that in 2024 distributions from SNTs will count as income, except for distributions of trust principal or when used to pay for health and medical care expenses...
Read moreAs an SNT Trustee, Can the Trust Reimburse Me for Purchases?
I'm the trustee of a special needs trust. If the beneficiary needs something purchased, am I allowed to buy it on my personal credit card and then have the trust reimburse me?...
Read moreWho Is Responsible If the Trustee Abandons His Duties?
My trustee claims that I insulted him in an email, which I did not. I believe he does not want to have to file income taxes on a special needs trust and used this as an excuse to bow out of...
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- Special Needs Trusts
Can I Leave One-Third of My House to a Special Needs Trust?
I have three children and one is an incapacitated adult child. I would like to prepare a will that leaves my house to the three children but puts one-third of the house in a special needs trust to benefit my...
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- Special Needs Trusts
Will a Contribution to an SNT Qualify for the Gift Tax Exclusion?
Does a gift of $14,000 this year to a special needs trust (SNT) qualify for the annual gift tax exclusion? ...
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- Special Needs Trusts