A Special Needs Trust (SNT) is created to help recipients of needs-based public benefits,
so that they have supplemental funds. The beneficiary is able to retain their benefits while
enjoying an enhanced quality of life. There are two main types of SNTs:
First Party SNTs are funded with assets that belong to the beneficiary and are often
created when a disabled individual is set to receive a settlement or inheritance. First Party
SNTs can be created by a parent, grandparent, legal guardian, or by court petition. Often
times First Party SNTs are under court supervision. This type of trust can only be created
for individuals under the age of 65 years.
Third Party SNTs are funded with assets that belong to anyone other than the beneficiary
and are often created by parents or grandparents in conjunction with their estate plans, but
can also be established separately. Third Party SNTs can be created by anyone except the
beneficiary, their spouse, or their agent.
For more information about Special Needs Trusts or to make an appointment to speak with
an attorney, please call our office at (858) 689-0613 or connect with us through our
contact form.
* The information presented on this website is general in nature and does not constitute
legal advice. You should consult an attorney for advice on your specific situation.