Supplemental Needs Trust Planning

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Jarrett & Hoyt PLC | Burlington Vermont Attorneys | Probate Administration | Supplemental Needs Trust | Elder Law | Long Term Care | Medicare | Estate Taxes | Federal Planning
Jarrett & Hoyt PLC | Burlington Vermont Attorneys | Probate Administration | Supplemental Needs Trust | Elder Law | Long Term Care | Medicare | Estate Taxes | Federal Planning

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Planning

Supplemental Needs Trust planning should be considered for individual needs (such as mental or physical disabilities), you must have contemplated with concern about what may happen to them when you are no longer able to provide and care for them.

The government has established rules allowing assets to be held in trust, called a “Supplemental Needs” Trust for a recipient of SSI and Medicaid, as long as certain requirements are met.

Setup

Our law firm can help you setup a Supplemental Needs Trust so that government benefit eligibility is preserved while at the same time providing assets that will meet the supplemental needs of the person with a disability (those that go beyond food, shelter, and clothing and the medical and long term supports and services of Medicaid).

Usage

The Supplemental Needs Trust usage is for a variety of life-enhancing expenditures without compromising your loved ones’ eligibility such as:

  • Annual check-ups at an independent medical facility
  • Attendance of religious services
  • Supplemental education and tutoring
  • Out-of-pocket medical and dental expenses
  • Transportation (including purchase of a vehicle)
  • Maintenance of vehicles
  • Purchase materials for a hobby or recreation activity
  • Funds for trips or vacations
  • Funds for entertainment such as movies, shows or ballgames.
  • Purchase of goods and services that add pleasure and quality to life: computers, videos, furniture, or electronics.
  • Athletic training or competitions
  • Special dietary needs
  • Personal care attendant or escort

SNT’s are a critical component of your estate planning if you have disabled beneficiaries for whom you wish to provide after your passing. 

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