What is different about Special Needs Trusts?

Miner Law Offices works with disabled persons and their families to draft first and third party special needs trusts. Special needs trusts are designed to allow persons living with a disability to receive funding into the trust from several sources, while still maintaining their eligibility for Social Security Insurance, Medicaid, State, Federal and local benefits.
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Customized Solutions for Long-Term Stability

Protecting Financial Security

Special Needs Trusts play a vital role in safeguarding the financial security and well-being of individuals with disabilities. Our team crafts special needs trusts tailored to the circumstances of each beneficiary. Thus we ensure that beneficiaries receive the support they need to thrive while preserving their eligibility for essential government benefits.
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Special Needs Trusts

This type of SNT is created by a parent, guardian, or individual caring for a person with disabilities, who is the trust beneficiary. It is managed by the trust creator (grantor) or designated party, such as a friend, family member, or professional fiduciary to ensure the funds are being used in a way that doesn’t undercut or jeopardize the beneficiary’s receipt of government benefits. Typically a Third-Party SNT is funded during the grantor’s lifetime by the transferring funds or by something like a life insurance policy where the SNT is named as beneficiary.
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First-Party or Self-Settled

Special Needs Trusts

In this type of SNT, the person with disabilities is the grantor (trust creator) and the beneficiary. A First-Party or Self-Settled SNT is often used when a person’s own assets or future inheritance threaten the low limits set on government benefits eligibility. By transferring ownership of accounts to the trust itself, savings can be preserved for and managed by individuals who may no longer be able to work or for whom income can be irregular due to health issues.
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