A Supplemental Needs Trust is a statutory trust that permits family members to set aside monies to provide for the future of an individual with disabilities. The funds in the trust “supplement but do not supplant” government benefits (such as Supplemental Security Income (SSI) and Medicaid benefits.
Both SSI and Medicaid have limitations on the amount of money that a person with a disability can have and still receive these benefits. A supplemental needs trust can contain funds that would otherwise disqualify an individual from receiving these benefits.
If a person with special needs is the recipient of an inheritance, personal injury award, or a medical malpractice settlement, for example, the funds can be placed in a supplemental needs trust so that the person with special needs will continue to qualify for government benefits.
We are here to help establish whichever type of trust you need.