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What is a Special Needs Trust? A Special Needs Trust, also known as a Disability Trust, is specifically designed to benefit an individual who has a disability. It is structured to manage resources while maintaining the beneficiary’s eligibility for public assistance.
Anyone currently administering a special needs trust or looking to establish one will need to understand the latest rules to stay compliant. Let’s break down key updates regarding special needs trusts and provide tips to make the most of these important planning tools in 2024 and beyond.
This free workshop (presented by Butcher Elder Law) will overview the essentials of establishing a Special Needs Trust and how they can guarantee the stability of benefits for years to come. The program will cover: Who needs a Special Needs Trust. What is involved in creating a Special Needs Trust. Why it is different from other legal documents.
Sep 9, 2024 · A special needs trust is a legal arrangement created to ensure assets are used to support an individual under a disability—without leaving them ineligible for government...
- Cassidy Horton
The essential purpose of a special needs trust is usually to improve the quality of an individual’s life without disqualifying him or her from eligibility for public benefits.
May 11, 2023 · A Special Needs Trust (SNT) is a powerful tool for supporting individuals with disabilities while preserving their eligibility for government benefits. But what exactly can these trusts cover?
People also ask
What expenses does a Special Needs Trust cover?
What makes a good special needs trust?
What is a special needs trust beneficiary?
How does a special needs trust work?
What is a Special Needs Trust (SnT)?
What is a third-party special needs trust?
A special needs trust, or supplemental needs trust, (SNT) provides for the maintenance of an individual with disabilities by supplementing, rather than replacing, government benefits.