What is a supplemental needs trust?

Published On: 01/09/2018

Supplemental Needs TrustSupplemental, or special needs, trusts are an estate planning tool that is most frequently used to receive an inheritance or personal injury litigation proceeds on behalf of an individual with a disability, in order to allow the person to continue to qualify for Medicaid benefits.

Supplemental trusts pay for extra comforts or luxuries that can not be paid for by public assistance funds. If money from the trust is used for essential living expenses such as food or shelter of the beneficiary on a regular basis, these payments will count as income to the beneficiary and may affect the beneficiary's eligibility for Medicaid assistance.

Please contact Stouffer Legal  for advice on how to incorporate special needs planning in your estate plan.

To learn more or get started on your estate plan, just schedule a time to visit us for a no obligation complimentary consultation.

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Post Author

Britt Stouffer

Britt L. Stouffer is a Maryland attorney experienced in Estates, Trusts, and Elder Law. With over 10 years of experience in Estates and Trusts, she has learned to appreciate how unique each client truly is. On a typical day, you will find her working on Wills, Revocable Living Trusts, Powers of Attorney, Advance Medical Directives, Tax Planning cases, Estate Administration filings, Petitions for Guardianships, Special Needs Planning, and Asset Protection.

658 Kenilworth Dr., Ste. 203, Towson, MD 21204

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