Related Definitions
What is a Special Needs Trust?
A type of trust designed to provide for a beneficiary with disabilities without jeopardizing their eligibility for government assistance programs like Medicaid or Supplemental Security Income (SSI).
A trust designed to provide financial support for a beneficiary with disabilities without affecting their eligibility for government benefits such as Medicaid or Supplemental Security Income (SSI). Special needs trusts allow the beneficiary to receive additional funds for supplemental care, medical expenses, and quality of life improvements while ensuring they do not exceed income or asset limits that could jeopardize their benefits.
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