special needs trust
A special needs trust (SNT) is a legal arrangement designed to provide financial support for individuals with disabilities without affecting their eligibility for government benefits. By placing assets into an SNT, the trust can fund various expenses such as education, healthcare, and recreational activities while preserving access to crucial programs like Medicaid and Supplemental Security Income (SSI). This type of trust ensures that beneficiaries receive the necessary financial assistance for their quality of life without risking their public benefits. Consulting with an experienced estate planning attorney can help you set up a special needs trust tailored to meet the unique needs of your loved one.
- Retirement Planning
The Importance of Trusts in Estate Planning
Estate planning is more than just writing a will. While a will is essential, trusts play a crucial role in…
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