Midwest Special Needs Trust is a unique trustee resource that specializes in working with special needs trusts. The Board recognizes that MSNT may be the only affordable option for individuals and families with modest incomes and assets and sets fees accordingly to remain accessible for anyone who might need a special needs trust to protect benefits. MSNT only handles special needs trusts and hires staff with experience working with people with disabilities and extensive expertise with public benefits. MSNT has been administering trusts since 1991 and has established working relationships with Medicaid and Social Security officials to protect eligibility for benefits.
As a pooled trust as defined in federal statute, MSNT may open a trust account for individuals with disabilities (or their legal guardian) who wish to establish the trust with their own assets, avoiding the necessity that a court establish the trust. MSNT can open a trust account for minor beneficiaries when the required trust agreements are completed by a parent or other legal guardian.
When a trust account is established, investment directives and instructions are documented as part of the trust agreement. Investments may be directed to a money market or one of five mutual fund portfolios. MSNT posts investment performance data to the website each quarter.
The Board will amend the trust documents for continuing compliance with complex federal requirements that are subject to change and interpretation. Amending the trust provides a cost effective method to ensure ongoing compliance and eligibility.