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Serving Special Needs

Setting up a self-settled special needs trust (SNT) can be an invaluable way to enhance the standard of living of a disabled client. But missteps by a trust administrator in distributing funds can result in the loss of valuable public benefits. Therefore, trustees of SNTs must understand the basic rules of both the Social Security Administration (SSA) and Medicaid, and be knowledgeable about the consequences

Setting up a self-settled special needs trust (SNT) can be an invaluable way to enhance the standard of living of a disabled client. But missteps by a trust administrator in distributing funds can result in the loss of valuable public benefits. Therefore, trustees of SNTs must understand the basic rules of both the Social Security Administration (SSA) and Medicaid, and be knowledgeable about the consequences of various distributions. While the burden of satisfying the reporting requirements

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