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What is a Special Needs Trust?
Special Needs Trust or Supplemental Needs Trusts (SNT) are Trusts designed to preserve funds for the beneficiary of Medicaid or other needs based benefits. The purpose of an SNT is to restrict the funds of the beneficiary so that they are not treated as available resources for purposes of public benefits. The distributions from SNT’s are prohibited for any use that would reduce the amount of public benefits which the beneficiary would other wise be entitled. There are essentially two different types of SNT’s, payback and non payback Trusts. These refer to whether or not the first remainder beneficiary of the Trust is the state of Oregon or other individuals named by the person who establishes the Trust. As a general rule, payments from the SNT can be for anything but food, shelter and basic medical health requirements. The purpose of the SNT is to enhance the quality of life of the beneficiary without disqualifying him/her from public benefits. The information we will require in order to begin working on Special Needs Trust is available in our FORMS section of this website. |
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Disclaimer: The information contained in pages found at www.broesderlaw.com are publications of Arant &
Broesder, LLC for general purposes only and should not be construed as legal advice or legal opinion on any
specific facts or circumstances. If you have specific legal questions, you are urged to consult your own
lawyer concerning your own situation.
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