What is a special needs trust?
A special needs trust is a type of trust designed to provide a person with a disability with assets to enhance his or her quality of life while at the same time allowing that person to remain eligible for needs-based public benefits. The two primary types of public benefit programs that are protected by use of a special needs trust are Supplemental Security Income (SSI) and Medicaid.
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A special needs trust is a type of trust designed to provide a person with a disability with assets to enhance his or her quality of life while at the same time allowing that person to remain eligible for needs-based public benefits. The two primary types of public benefit programs that are protected by use of a special needs trust are Supplemental Security Income (SSI) and Medicaid.
Article Last Modified: 05/04/2016© 2019 ElderLawNet, Inc.
ASNP is a nationwide network of attorneys and financial planners who provide special needs planning services to families and organizations that serve people with disabilities.
© 2019 ElderLawNet, Inc.
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