Special Needs Trusts
A special needs trust protects eligibility for public benefits and can be used to pay for those things that will make a difference in his or her ability to live fully within a community.
When government program benefits are crucial to maintaining your loved one’s healthcare and daily living needs, and his or her ability to have some degree of independence, an SNT is the tool you want. The funds held in trust can provide for those amenities that are not provided by public programs.
Other times a special needs trust can protect money from interfering with public benefits for a person with a disability is when there is an inheritance and when there is a personal injury or medical malpractice settlement.
Distribution Planning for SSI and Medicaid
If a special needs trust is not administered properly, it can be the worst thing to happen to a person with a disability. If, for example, distributions from the trust are not made correctly, it's possible that SSI and Medicaid benefits will be reduced. Know the rules! You don't want to lose benefits. Click here to learn more about permissible distributions.
For more information about special needs trusts, click on the links below.