What is a special needs trust?

What will be an ideal response?


Also called a Supplemental Needs Trust, they are designed to benefit a person with disabilities. They insures that the disabled person, often a child, may receive the funds in trust; however, and not lose government benefits and assistance. The funds creates a “safe harbor” for those assets because the trust purpose specifically states that it is meant to provide supplemental and extra care only, and not intended to provide basic care for the disabled person and is not meant to provide any care or assistance for those items that are covered by government benefits.

Legal Studies & Paralegal

You might also like to view...

The chain of custody of an electronic document can be maintained by

a. using a "digital evidence bag." b. converting files to the PDF format. c. converting files to Word format. d. printing a hard copy of the file.

Legal Studies & Paralegal

To prevent gasoline that is leaking from cars as a result of an accident to pollute a water supply, the defendant grabs hay bales and blocks the flow from running off into storm drains. Due to the defense of public necessity, defendant will not face liability for the loss of value for the hay

Indicate whether the statement is true or false

Legal Studies & Paralegal

Johnny and Jon are same-sex partners. They have been together for five years and want to solidify their relationship in marriage. They haven't decided where they want to marry and finally settle down. Before they move toward that phase of their lives, they should:

A. Find out which states recognize same-sex marriages. B. See which states allow same-sex unions federal benefits. C. Find out which states will impose limited benefits. D. All of these.

Legal Studies & Paralegal

A rough draft version of an invoice is called a(n):

a. billing report b. management report c. draft billing report d. pre-billing report e. expense report

Legal Studies & Paralegal