Supplemental Needs Trust

A Supplemental Needs Trust is a legal arrangement designed to provide financial support for a person with disabilities without jeopardizing their eligibility for government benefits. The trust is established by someone other than the person with disabilities (typically a parent or grandparent). Unlike “first party” special needs trusts, these “third-party” supplemental needs trusts are not subject to payback provisions. Therefore, remaining trust assets may be distributed to other beneficiaries upon the disabled beneficiary’s death.

Assets are managed by a trustee with a primary objective to preserve eligibility for government benefits while providing additional funds to enhance the trust beneficiary’s quality of life (paying medical expenses not covered by government programs, education, recreation, housing, transportation, and other needs that contribute to the beneficiary’s well-being).

Take advantage of this valuable workshop to explore what a Supplemental Needs Trust is, the pros and cons, and how it can be an important part of securing a loved one’s future. Register now.

Presented by: James R. Sloto, Attorney, Sloto & Diamond Attorneys at Law