What's a Special Needs Trust For, and How Can It Help?
Mar 13, 2025 · Special needs trusts come in three main types, but first it is important to understand how a typical trust works. What Is a Trust, and How Does It Work? A trust is a kind of legal arrangement …
What Is a Special Needs Trust?
Work With a Professional A special needs planner can walk you through how special needs trusts work and the pros and cons of each type. Be sure to partner with a professional in your area who is …
How Third-Party Special Needs Trusts Differ From Other SNTs
Dec 1, 2023 · Special needs trusts come in three main flavors — first-party special needs trusts, third-party special needs trusts, and pooled trusts. All three trust varieties are designed to manage …
What Is a Pooled Trust, and How Can It Protect My Benefits?
In other words, the assets of many people with special needs are pooled together. Because a pooled trust accepts contributions from many beneficiaries, the trust can make more stable investments and …
The Benefits of Establishing a Special Needs Trust Early
May 13, 2025 · Takeaways Special Needs Trusts (SNTs) protect assets for individuals with disabilities while preserving eligibility for public benefits like SSI and Medicaid. Establishing an SNT early allows …
Funding a Special Needs Trust With a Structured Settlement
Jul 19, 2024 · Special needs trusts funded by a structured settlement are more complex to manage than many other trust types. A special needs planning attorney can help educate the trustee concerning …
5 Issues to Consider When Creating a Special Needs Trust
Here are some of the questions you will need to consider in guiding your attorney to create a special needs trust.
Special Needs Trusts and Financial Aid: What Should Applicants Do?
As explained above, in most cases an applicant for financial aid must disclose both her own assets and her family's assets on the FAFSA. So when a child without special needs applies to college and her …
What Can an SNT Pay for Without Affecting SSI or Medicaid?
Funds held in a properly drafted special needs trust (SNT) will not affect a Supplemental Security Income (SSI) or Medicaid recipient’s benefits. However, funds disbursed in a manner that violates …
How Special Needs Trusts Affect Eligibility for Housing Assistance
Jan 23, 2008 · But how do the assets in special needs trusts and the income from these trusts affect eligibility for programs like Section 8? Unlike Medicaid and SSI, the Section 8 program focuses on a …