Special needs trusts (SNT), or supplemental needs trusts, are legal entities designed to assist people of any age with disabilities with maintaining government benefits and receiving additional financial assistance. Under the SSA expenditure rules, an SNT can provide additional monies…
People with disabilities can save money tax-free by creating a special needs trust (SNT) or an Achieving a Better Life Experience account (ABLE). Both options provide a mechanism for saving money and protecting resources that ensures the person with a…
In planning for a special needs child’s future care, parents have unique responsibilities. Funding a special needs trust (SNT) with life insurance is one of the most important things you can do to provide additional monies while protecting eligibility for…
A trust is set up to manage a person’s assets and property, and this trust is overseen by an appointed person. The person or entity who manages the trust is known as the “trustee” and is entrusted with the responsibility…