Third-Party Special Needs Trust PC1356-Digital

ESTATE PLANNING

SPECIAL NEEDS TRUST

the individual throughout his or her life. Special needs trust funds are commonly used to pay for personal care attendants, home furnishings, out-of-pocket medical and dental expenses, education, recreation, and physical rehabilitation.

ESTABLISHING AND FUNDING THE TRUST A grantor – typically a parent, grandparent or legal guardian – supplies the

GRANTOR (PARENTS OR RELATIVE)

funds for the trust, a trustee holds and administers the funds according to the grantor’s wishes and the designated beneficiary receives the benefit of the

SPECIAL NEEDS TRUST

Personal care, education, recreation, etc.

GOVERNMENT BENEFITS

SPECIAL NEEDS FAMILY MEMBER

Housing, food, rehab

funds. The grantor’s wishes are typically spelled out in a document that gives the trustee direction about how the beneficiary should spend the trust assets. Because your loved one has no control over the money and funds can only be used for the beneficiary’s supplemental needs, SSI, and Medicaid administrators will not include the trust property for program eligibility purposes.

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