A Legal Entity to Set Aside Money or Property
- To benefit a child or adult living with a disability
- Designed to protect their eligibility for public funds
- May be established by a family member with their funds, or to receive funds from a settlement for the beneficiary
- Also called a Supplemental Needs Trust
SUPPLEMENT, NOT SUPPLANT – May only be used to supplement government programs
- May be used to enhance the beneficiary’s quality of life by providing for activities and services including education, recreational activities, customized living arrangements and medical treatments not covered by government benefits
PROFESSIONAL MANAGEMENT
- Assets should be invested to provide for current and future needs
- We understand the unique requirements of administering an SNT including the account requirements and not making disqualifying distributions
Providing the best quality of life for the disabled while preserving public benefits requires knowledgeable professionals. We understand the government rules, and we work with healthcare providers, education advocates, attorneys, and accountants, and you to protect your family member and give you peace of mind.
Call our Special Needs Trust team today: 914-298-9374
*Non-deposit investment products are not insured by the FDIC. Non-deposit investment products are not obligations of, or guaranteed by, the financial institution. Non-deposit investments will subject the purchaser to investment risk, including possible loss of the principal amount invested.
