SSI Eligibility and Special Needs Trusts
Special or supplemental needs trusts (SNT) preserve assets from litigation recovery, support funds provided by family, or probate proceeds for the disabled, incompetent, or minor individual. A properly drafted SNT will allow the recipient to continue to receive Supplemental Security Income (SSI) and Medicaid benefits. As the basic eligibility requirements for both SSI and Medicaid are similar by state, special needs trusts can usually be written to conform with both programs in any state.
There are two varieties of SNTs: those “self-funded” by the recipient or spouse, and those funded by a third party, such as a parent or other relative.
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