A Third-Party special needs trust (SNT), sometimes known as a “Supplemental Needs Trust”, allows an individual to provide for a disabled beneficiary without jeopardizing the beneficiary’s eligibility for needs-based government benefits. These SNT funds can generally be used to pay for almost anything that falls outside the basic support that programs such as Supplemental Security Income […]
SNT
Who Should Be the Trustee of a Third-Party Special Needs Trust? from Austin Estate Planning Attorney Liz Nielsen
Family members with special needs may require assistance throughout their lives. If you want to ensure that a loved one with a disability is taken care of after you are gone, you can help manage resources for them by using a third-party special needs trust (SNT). Also known as a supplemental needs trust, a third-party […]
10 Types of Trusts: A Quick Look from Austin Estate Planning Lawyer Liz Nielsen
Considering the myriad of trusts available, creating an estate plan that works can seem daunting. However, that’s what we, as estate planning attorneys, do every day. We know the laws and will design a plan which addresses your specific situation. (If you’d like a brief overview of trusts in general, you may want to read […]