Special Needs (or Third Party) Trust
An individual, discretionary trust prepared for a person who has a disability. This is intended to supplement, not replace government benefits. A trustee must administer the funds; the person with a disability cannot have direct access to the funds. The trust should be irrevocable (cannot be changed) and be written by a lawyer specially trained in elder or Medicaid law.
Posted by admin on Sunday, July 24th, 2016 @ 1:55AM