A Special Needs Trust
Is necessary when a person/beneficiary is receiving Social Security Income (SSI) and other government benefits such as Medicaid. If a person inherits money, they will lose their SSI and Medicaid benefits. The Special Needs Trust will prevent the loss of benefits. Examples of uses of a Special Needs Trust are listed below.
Special Needs Trust Uses
This list is not all inclusive. The list includes some examples of what a Special Needs Trust can be used for.
The Trustee of the Special Needs Trust must be careful about making distributions for food or shelter as that may cause a reduction in benefits‑It’s a balancing act.