Special Needs Trust (Third Party)
Trust designed to benefit a person with disabilities without disqualifying them from means-tested government benefits like SSI and Medicaid.
Instructions
Fund the trust with assets from someone other than the beneficiary (parents, grandparents). Name an experienced trustee familiar with public benefits rules. Include spendthrift provisions and language stating the trust supplements rather than replaces government benefits. The trustee may spend for supplemental needs (education, recreation, personal care items) but not for basic food and shelter covered by benefits.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.