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TRUST & ESTATE ADMINISTRATIONSPECIAL NEEDS TRUST Special Needs Trust is used primarily to promote the happiness, welfare, and development of the person with special needs without in any way reducing

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What is a special needs trust?

A special needs trust is a legal arrangement set up to provide financial support for a person with disabilities while still allowing them to qualify for government benefits like Medicaid and SSI.

Who is required to file a special needs trust?

The trustee of the trust is responsible for managing and filing the necessary paperwork for the special needs trust.

How to fill out a special needs trust?

To fill out a special needs trust, one must gather all necessary financial information, complete the trust agreement document, and have it signed and notarized.

What is the purpose of a special needs trust?

The purpose of a special needs trust is to provide financial support for a person with disabilities without impacting their eligibility for government benefits.

What information must be reported on a special needs trust?

Information such as the beneficiary's disability status, financial assets, income, and expenses must be reported on a special needs trust.

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