What is a special needs trust?

A special needs trust is an important part of disability planning law in Washington. It is a type of trust that allows people with a disability to receive additional financial support without affecting the benefits they receive from government programs such as Social Security Disability Insurance (SSDI) or Medicaid. The trust is usually established by a family member or other third party, such as an attorney, on behalf of the person with a disability. It is usually funded by assets from the trustor, such as money from a court settlement or inheritance. The trust is designed to supplement benefits for the beneficiary, providing them with additional funds for things like medical or therapy expenses, or recreational activities. In order for the trust to be valid, the beneficiary must be deemed officially disabled by a relevant government agency. The trust must also be managed in a certain way, including a list of recommendations and restrictions, such as getting prior approval from the agency before making any purchase or financial transfer. Special needs trusts are an important part of disability planning law in Washington, allowing people with disabilities to receive financial assistance without running the risk of affecting their government benefits.

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What is a special needs trust?

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