Special Needs Trusts
A special needs trust (SNT) can dramatically improve the quality of life for individuals living with permanent disabilities. It is a wonderful way for you to ensure that your loved one can maintain a quality standard of living once you are no longer here.
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. Our Connecticut special needs attorneys can show you how 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.
For more information about special needs trusts, click on the links below.
- What's the Difference Between a Special Needs Trust and a Supplemental Needs Trust?
- The 3 parties in a Special Needs Trust
- Supplemental Needs Trusts
- 4 Issues to Consider When Creating a Special Needs Trust
- What is a Third Party Special Needs Trust?
- Special Needs Planning: Choose a Trustee with a Network
- Should You Choose Family or a Professional Trustee? Know the Pros and Cons