Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, April 15, 2014

A Quick Glance at Special Needs Trusts

TrusttileA special needs trust permits people to remain eligible for public benefits such as Medicaid and Supplemental Security Income, while taking supplemental income. A first-party special needs trust is only available to those who qualify or expect to need public benefits but have limited income to pay for their care. These trusts are good for people expecting a large inheritance or settlement that might disqualify them from receiving public benefits.

See Elizabeth I. Liu, Intro to First-Party Special Needs Trust, Wealth Strategies 2.0, April 12, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.


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