Special Needs Answers
Is There a Difference Between "Supplemental" and "Special" Needs Trusts?
You may have heard the terms "special" needs trust and "supplemental" needs trust and wondered what th...
Read moreWho Pays for the Expenses on a House Owned by a Special Needs Trust?
- October 12th, 2016
Q
If a special needs trust owns the house that the trust beneficiary lives in, who pays for the home expenses -- the trust or the beneficiary?
A
The trust should pay for all taxes and insurance, but the beneficiary should pay for utilities if he is able. If the trust pays for utilities, and the beneficiary receives Supplemental Security Income (SSI), the beneficiary's SSI award may be reduced. For more on homes and special needs trusts, click here.