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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 Virginia Department of Behavioral Health and Developmental Services (DBHDS) is a state agency of the Commonwealth of Virginia.The department operates Virginia's public mental health, intellectual disability, and substance abuse services system through a system of forty locally and regionally run community services boards (CSBs) and twelve state-operated facilities [1] which serve children ...
Trustee: The person or institution managing trust assets according to set guidelines; ... Working with an attorney who specializes in estate planning and disability law can be very helpful. They ...
The Virginia Department for Aging and Rehabilitative Services is the executive branch agency of the state government responsible for vocational rehabilitation, supportive services, and aging/disability services in the state of Virginia in the United States.
The increased use of trusts in estate planning during the latter half of the 20th century highlighted inconsistencies in how trust law was governed across the United States. In 1993, recognizing the need for a more uniform approach, the Uniform Law Commission (ULC) appointed a study committee chaired by Justice Maurice Hartnett of the Delaware ...
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The aim of the law is to ensure that the intention of the trust creator or decedent is carried out, and to govern the proper distribution of assets to trust beneficiaries, heirs and devisees. [1] To be enacted into law, the Act must be adopted by the state legislature. To date, most states have adopted the Act (sometimes with modifications). [2]
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