Special Needs Trust
- What is a Special Needs Trust?
- When Might A Special Needs Trust Be Created?
- If having money will cause problems for my disabled child, can't I just leave that money to his brother and sister and ask that they look after their sibling?
- What government benefits can be coordinated with a Special Needs Trust?
- Does the existence of a Special Needs Trust qualify the beneficiary for public benefits?
- What is a "supplemental benefits" trust?
What is a Special Needs Trust?
A Special Needs Trust is a unique type of trust specifically authorized by Congress, that when properly drafted, may enable a person under a physical or mental disability, or an individual with a chronic or acquired illness, to hold, in Trust, an unlimited amount of assets, without those assets being considered countable assets for purposes of qualification for governmental benefits that are based upon need.
"Special needs" is just a term to describe any trust intended to provide benefits without causing the beneficiary to lose public benefits he or she is entitled to receive.