Special Needs Trust – Definition & Detailed Explanation – Elderly Legal and Financial Planning Glossary
What is a Special Needs Trust? A Special Needs Trust, also known as a Supplemental Needs Trust, is a legal arrangement that allows a person with disabilities to receive financial support without jeopardizing their eligibility for government benefits such as Medicaid and Supplemental Security Income (SSI). The trust is set up to provide for the … Read more