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A special needs trust is a legal way to help provide for a person with a disability without disqualifying them for governmental benefits. One of the main financial risks of having a disability is ...
A special needs trust, also known in some jurisdictions as a supplemental needs trust, is a specialized trust that allows the disabled beneficiary to enjoy the use of property that is held in the trust for his or her benefit, while at the same time allowing the beneficiary to receive essential needs-based government benefits.
Supplemental needs trust is a US-specific term for a type of special needs trust (an internationally recognized term). [1] Supplemental needs trusts are compliant with provisions of US state and federal law and are designed to provide benefits to, and protect the assets of, individuals with physical, psychiatric, or intellectual disabilities, and still allow such persons to be qualified for ...
The Urbatsch Law Firm in Berkeley, which focuses on special needs estate planning, charges a flat fee that can range from $5,000 to $8,000 to set up a trust. Lawyers with expertise in SNTs caution ...
Continue reading ->The post How a Special Needs Trust Works appeared first on SmartAsset Blog. If you have a loved one who deals with chronic illness or a disability of some kind, you want to be ...
Special Needs Trust: A trust designed to provide for the care of someone who has a disability or is otherwise unable to care for themselves. Can help in the avoidance of estate tax and ease the transfer of assets at the time of the death. Blind Trust
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