mailto:jason@eckertlawllc.com Enriching Life with a Special Needs Trust A special needs trust (SNT) is a trust for a disabled beneficiary that doesn’t jeopardize the beneficiary’s eligibility for needs-based government benefits. SNT funds can generally be used to pay for almost anything that falls outside of basic support. There are two main types of SNTs: first-party and third-party. The main difference between them is that the former holds funds that the beneficiary owns or receives in a lump sum and puts into the trust, and the latter holds funds given to the beneficiary by a parent, grandparent, or other individual. One key difference between first-party and third-party SNTs is that when the beneficiary dies, funds in a third-party SNT are not subject to reimbursement to the state for up to die amount of the government benefits the beneficiary received during their lifetime. Schedule an appointment to learn more. mailto:jason@eckertlawllc.com Enriching Life with a Special Needs Trust A special needs trust (SNT) is a trust for a disabled beneficiary that doesn’t jeopardize the beneficiary’s eligibility for needs-based government benefits. SNT funds can generally be used to pay for almost anything that falls outside of basic support. There are two main types of SNTs: first-party and third-party. The main difference between them is that the former holds funds that the beneficiary owns or receives in a lump sum and puts into the trust, and the latter holds funds given to the beneficiary by a parent, grandparent, or other individual. One key difference between first-party and third-party SNTs is that when the beneficiary dies, funds in a third-party SNT are not subject to reimbursement to the state for up to die amount of the government benefits the beneficiary received during their lifetime. Schedule an appointment to learn more.
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