Shielding the Financial Future of Individuals with Disabilities

Shielding the Financial Future of Individuals with Disabilities

What are Special Needs Trusts?

The terms "Special Needs", "Supplemental Needs", and "Supplemental Care" trusts refer to a specific type of trust which allows a person with a disability to keep benefiting from his or her own assets while still qualifying for or maintaining eligibility for a public benefits program. The public benefits most often needing to be maintained are Medicaid, Supplemental Security Income (SSI), food stamps and public housing. The funds in a Special Needs Trust are intended to improve the quality of life for a beneficiary and may be used to pay for items not provided by the public benefits program.