Have you heard the terms “special” needs trust and “supplemental” needs trust and wondered what the difference is? The simple answer is that there’s no difference. Whether supplemental or special, ...
A special needs trust (SNT) and an Achieving a Better Life Experience (ABLE) account each provide a tax-free way for people with disabilities to save money. Both options provide a mechanism for saving ...
A special needs trust is a legal way to help provide for a person with a disability without disqualifying them for governmental benefits. One of the main financial risks of having a disability is that ...
A special needs trust provides financial support for a disabled person without affecting their eligibility for benefits like SSI or Medicaid. Families or caregivers can fund the trust with cash, ...
Trustee selection for a beneficiary with special needs presents unique challenges. The decision includes practical considerations: the proposed trustee’s geographic proximity to the beneficiary; ...
A special needs trust (SNT), also referred to as a supplemental needs trust, is created for a person who is disabled or has functional needs and gives that individual more financial support. While ...
Individuals living with disabilities that impact their day-to-day or long-term medical conditions often depend on external support. For example, they may rely on government assistance programs, like ...
JOHNSON CITY, Tenn. (WJHL) — Families with special needs are invited to a free public seminar on the topic of Special Needs Trusts (SNTs) on Oct. 21. According to McVey Law Firm of Kingsport, the ...
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