What is a Trust?

Posted on Nov 6, 2015 in Slider

What is a Trust?

A special needs trust is designed for beneficiaries with disabilities to protect important public benefits such as but not limited to medicaid and SSI. Special needs trusts provide a tool for families planning for a loved one with a disability. Special needs trusts can also be used when a person receives an inheritance or personal injury settlement proceeds to prevent reduction or loss of public benefits. Special needs trusts are sometimes known as supplemental needs trusts in the United States. A trust is a legal arrangement where one party holds the property of another for their benefit. There are many different types of trusts.