What is a Special Needs Trust?

A Special Needs Trust (SNT) is a type of trust used in disability planning law in South Carolina. An SNT is created for individuals with disabilities, such as a child or a friend, who requires care and financial support. The trust is funded by gifts, inheritance, or lawsuit settlements. It is created to protect the person’s eligibility for government benefits, such as Social Security, Medicaid, and Supplemental Security Income. The SNT is designed to provide financial support to recipients while still allowing them to qualify for and receive government benefits. The trust is managed by a trustee that the court has appointed and the beneficiary does not have control over the funds in the trust. The trustee must manage the funds according to the law, which may include providing housing, food, medical care, and other necessities. The trust funds are to be used to supplement and not replace government benefits. SNTs are an important tool in disability planning law in South Carolina. They are designed to help those with disabilities to maintain governmental benefits while receiving needed care and assistance, which gives them the opportunity to improve their quality of life and independence. Trusts can be tailored to the beneficiary’s individual needs and can provide great peace of mind for those involved.

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What is a Special Needs Trust?

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