What's a Special Needs Trust For?
What is a special needs trust, and what is it used for?...
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Special Needs 101
What is a special needs trust, and what is it used for?...
Read moreThe trustee of a special needs trust (SNT) has all of the duties of any trustee, plus specific added responsibilities due to the special needs of the beneficiary. All trustees are responsible for: Appropriate investment of trust property Bookkeeping and accounting of...
Read moreA Special Needs Trust (SNT) can play an important role in preserving the financial security and lifestyle of a person with special needs. A properly drafted SNT allows the individual to benefit from supplemental resources while still qualifying for public...
Read moreWhat expenses can't be paid by a special needs trust?...
Read moreMany disabled people rely on SSI, Medicaid or other government benefits to provide food and shelter. You may have been advised to disinherit your child with special needs - the child who needs your help most -- to protect that...
Read moreIncome paid from a special needs trust to a beneficiary will reduce SSI benefits by one dollar for every dollar paid to him or her directly. In addition, payments by the trust to the beneficiary for food or housing are...
Read moreIf I create a special needs trust, will I remain eligible for Medicaid and SSI?...
Read moreSpecial needs trusts (also known as "supplemental needs" trusts) allow a disabled beneficiary to receive gifts, lawsuit settlements, or other funds and yet not lose his or her eligibility for certain government programs. Such trusts are drafted so that the...
Read morenot all special needs trusts are required to reimburse the government for Medicaid expenses incurred by the trust's beneficiary when they pass away.
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