Special Needs Trust

A special needs trust (SNT) is designed to benefit individuals with disabilities while preserving their eligibility for government assistance programs, such as Medicaid and Supplemental Security Income (SSI). Here's how it works:

Asset Protection: It allows individuals with disabilities to receive funds without those funds counting against their asset limits for government benefits.

Supplemental Support: The trust can provide funds for expenses not covered by government programs, such as personal care, travel, education, and entertainment.

Trustee Management: A trustee manages the trust assets and distributions, ensuring that funds are used for the beneficiary's benefit.

Legal Compliance: The trust must comply with specific legal requirements to ensure that it does not jeopardize the beneficiary's eligibility for government assistance.

Overall, a special needs trust is a valuable tool for providing financial support to individuals with disabilities while safeguarding their access to necessary public benefits.