What is a Special Needs Trust?

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A special needs trust (also known as an SNT) is legal entity created to hold assets of a person with a mental or physical disability. It is not limited to age. The trust names a trustee whose job is to manage the assets and distribute them according to the provisions of the trust. There are specific limitations on the way assets can be distributed so that they do not disqualify the beneficiary from eligibility for asset based government programs.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Sabrina Winters, Attorney at Law, PLLC | Attorney Advertising

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