Protecting Trust For Benefits

Here's more detailed information on setting up a Supplemental Needs Trust (SNT) for your daughter:
- Purpose: An SNT is designed to provide for her needs without affecting eligibility for government benefits.
- Trustee Role: A trustee manages and distributes funds according to the trust terms, ensuring funds are used for permissible expenses.
- Permissible Expenses: Funds can be used for medical care, education, personal care items, and entertainment, but not for basic needs like food and shelter.
- Legal Setup: Consult a local attorney who specializes in trusts and disability law to set up the trust properly.
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*. Your daughter's location or zipcode.
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An SNT can generate interest depending on how the assets within the trust are invested. The trustee manages investments, and any interest earned can be used for the beneficiary's needs, following the trust's terms.
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- A Supplemental Needs Trust (SNT) can generate interest if the assets are invested wisely.
- The trustee decides on investment strategies.
- Interest earned can be used for permissible expenses, adhering to trust guidelines.
Would you like assistance finding a lawyer who can provide more specific guidance?