PDA

View Full Version : special (supplemental) needs trust


dyrah
04-11-2008, 01:34 PM
What is a special (supplemental) needs trust?

manny_mandy
04-11-2008, 01:37 PM
Special needs trusts, as the name implies, typically pay for things like education, counseling, and medical expenses and comforts that could not be paid for by public assistance funds.
Special needs trusts are created mostly by a parent for a child with special needs.

francism
04-11-2008, 01:39 PM
If I may add, special needs trusts are there not to provide basic support, but to pay for things like medical or dental expenses, education beyond the necessities of life.
In addition, as to the disabled, depending on the program, the disabled individual can create the trust himself.
Termed as self-settled trusts, that are established by individuals who become disabled because of an accident and later receive the proceeds of the injury settlement.

clan_law
04-11-2008, 01:41 PM
Add info
Special needs trusts may be set up in a will, to leave assets to a disabled relative.

hatlessacorn
09-28-2008, 02:03 PM
When the supplemental needs trust found in someone's will is certain to be highly inappropriate and literally harmful rather than helpful to a beneficiary whose mental disability has been seriously misjudged, is there any way in which the trust can be prevented from being set up, dissolved, or dissolved in effect through asset depletion in such a way that the beneficiary would immediately receive all of the assets of the trust outright (as the wording of the will clearly indicates would have happened if his mental condition had not been severely misjudged), when there are no legal grounds for challenging the will as a whole, and the trust not only contains no explicit provisions for its dissolution if it should prove to be irrelevant, but also cannot be dissolved with the consent of all of the beneficiaries since the beneficiaries of the trust who will receive what remains of its assets when the primary dies (the remaindermen) cannot be identified at this time?