A complete guide to understanding a Special Needs Trust

A special needs trust is a legal document you can create to provide for a beneficiary who has a disability, chronic illness, or injury and relies on government assistance. The purpose of a special needs trust (SNT) is to preserve current and future eligibility for two important government benefits such as Medicaid and/or Supplemental Security Income (SSI). When properly drafted and administered, a special needs trust will allow your loved one (aka beneficiary) to receive funds from the trust while continuing to receive government benefits.