WHAT IS A SPECIAL NEEDS TRUST?

UniqueINDIVIDUALS

Your inheritance list is made up of unique individuals

Each person has different needs

The best way to provide for one person may not be appropriate for another

WITH SPECIAL NEEDS

People

Many people with disabilities are enrolled in government

benefit programs

These would include Medicaid and Supplemental Security

Income

Medicaid may pay for care and treatment that could cost millions of dollars over the

course of a lifetime

EligibilityBenefit

Eligibility for these government benefits is based on financial

need

People with significant assets cannot qualify

If you were eligible, your eligibility could be lost if you were to come

into a good bit of money

ConsequencesNegative

If you were to leave a benefit recipient a significant direct inheritance, his or her

financial status would improve dramatically

This change in financial status could result in a loss of much-needed government benefits

SpecialNEEDS TRUST

This type of situation can be addressed through the creation

of a special needs trust

You can make the person in question the beneficiary of the

trust

When you are drawing up the trust, you name a trustee to

administer the trust

SUPPLEMENTAL NEEDS

The trustee can use the assets in the trust to provide for the

supplemental needs of the beneficiary

These would be needs that the government benefits do not

cover

The expenditures are allowed

Benefit eligibility would not be impacted

LEARN MORE ABOUT SPECIAL NEEDS

PLANNING

We have provided some basic information in this presentation

If you would like to learn more about special needs planning, contact our firm to schedule a

free consultation

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organizeyourassets.com