The Basics of Supplemental Needs Trusts: Maintaining Government Need-Based Benefits
By: Ellen C. Ray, Associate A Supplemental Needs Trust, often called a “Special Needs Trust,” is an estate planning tool which can be utilized to hold assets for children or loved ones with disabilities to ensure that they continue to receive their need-based government benefits. When an individual receives government benefits such as Medicaid and/or Social Security Income, there are