Supplement Needs Trusts

Many individuals with disabilities receive means tested government benefits such as Medicaid or Social Security Income which impose strict limitations on a person’s income and assets. A Supplemental (or Special) Needs Trust ( SNT) provides a source of funds that can be used to enhance the quality of life for a person with a disability without affecting their eligibility for government benefits. An SNT may be used for such purchases as:

  • Electronic equipment such as a televisions, computers or cell phones
  • Recreation and education programs, vacations and entertainment
  • Handicapped-accessible equipment, such as a special van, a motorized wheelchair or and enhanced communication device
  • Medical care or therapies and services that are not covered by Medicaid

SNTs can be established under a will or during one’s lifetime. The trust can be funded with assets from a third party such as a parent or a close relative or with the funds of a disabled individual who has received an outright inheritance or a legal settlement. The assets in the SNT are managed by a trustee who is authorized to use the trust funds to purchase goods and services for the disabled individual which are not covered by government benefits.

Working with your family, Marna will:

  • Meet with you to explore all government benefits and other options for the disabled individual.
  • Explain the different types of supplemental needs trusts and determine which is the most appropriate for your child or loved one with special needs.
  • Assist in the administration of the trust and preparation of court ordered reports and accoutnings.
  • Prepare and file the necessary legal documents if court approval is required to establish the trust when using the funds of the beneficiary.

Contact Marna to arrange a Supplement Needs Trust consultation.

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