What is a Special Needs Trust?
A Special Needs Trust is a trust established for the benefit of an individual with disabilities. In most cases, these individuals receive benefits from various federal, state, and local programs.
Special Needs Trusts are created to provide luxuries and comforts that are not provided by government programs; however, extreme care must be utilized in drafting the Trust documents to ensure the individual remains eligible for government support. M&P has the administrative knowledge to act as Trustee of a Special Needs Trust.