Estate Planning
Special Needs Trust Requirements
Because Supplemental Security Income (SSI) and Medicaid are means-tested government benefits, assets or income owned or controlled by a disabled person will affect that person's eligibility for those public benefits. A first party self settled special needs trust (SNT) provides a mechanism for the disabled beneficiary’s assets or resources to be held in trust for his benefit without disqualifying the beneficiary from eligibility for the means tested government benefits.
April 19, 2023
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