Plan for your loved one’s security – now and in the future…
Special Needs Trusts or “Supplemental Needs” Trusts (SNT’s) allow a disabled beneficiary to receive gifts, lawsuit settlements, or other funds without losing his or her eligibility for certain government programs. These trusts are drafted so that the funds will not be considered to belong to the beneficiary when eligibility for public benefits is being determined.
Special Needs Trusts are designed to pay for comforts and luxuries that can not be paid for by public assistance funds. Some examples of such comforts and luxuries are education, recreation, counseling, and medical attention, beyond the simple necessities of life.
Special Needs Trusts are not intended to provide for basic needs, however, the trustee can use special needs trust funds for food, clothing, and shelter if the trustee decides that doing so is in the best interest of the beneficiary. Under such circumstances, a loss or reduction in public assistance is possible.