When discusing a trust, what does

Asked on April 22, 2017 under Estate Planning, New York

Answers:

M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

SNT refers to a "Special Needs Trust". It is a Trust that will preserve the designated beneficiary’s eligibility for needs-based government benefits (e.g. Medicaid and Supplemental Security Income). Since the beneficiary does not own the assets in the trust, they can remain eligible for benefit programs that have an asset limit.


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