Providing for the futures of people with special needs : vim

Providing for the futures of people with special needs


In many families, parents decide to leave their property and money to their children.
However, for individuals living with disabilities, leaving property or money to them could cause them to lose eligibility for government benefits.
Often, a person with special needs will be eligible for monthly Supplemental Security Income (SSI) and Medicaid health coverage. Those benefits make a crucial difference for many, specifically for those who require caregiving services in the home.
To provide extra support, the Omnibus Budget Reconciliation Act of 1993 gave authority for the use of a Special Needs Trust. Specifically, 42 U.S.C. 1396p (d)(4)(A) and (d)(4)(C) state that a Special Needs Trust (SNT) can preserve a person’s financial eligibility for Medicaid and SSI regardless of the amount and provide additional funds. However, the trust must be managed by a trustee.

Related Keywords

West Virginia , United States , , Third Party Special Needs , Needs Trust , Supplemental Security Income , Omnibus Budget Reconciliation Act , Special Needs , Special Needs Trust , Third Party Special Needs Trust , Secured Debit Cards , West Virginia Senior Legal Aid , மேற்கு வர்ஜீனியா , ஒன்றுபட்டது மாநிலங்களில் , தேவைகள் நம்பிக்கை , துணை பாதுகாப்பு வருமானம் , சர்வபுலம் பட்ஜெட் நல்லிணக்கம் நாடகம் , சிறப்பு தேவைகள் , சிறப்பு தேவைகள் நம்பிக்கை , மேற்கு வர்ஜீனியா மூத்தவர் சட்டப்பூர்வமானது உதவி ,

© 2025 Vimarsana