The Self-Funded Special Needs Trust (SF SNT) was established on July 16, 1999. The SF SNT allows individuals with disabilities to fund their own trust. These are often funded with money from personal injury settlements, a lump-sum payback from Social Security, Survivor Benefits Plans, adult child support, income, or unexpected inheritance.
The SNT SNT allows individuals to maintain eligibility for government benefits such as Medicaid, Medicaid Waivers, Supplemental Security Income (SSI) and residential programs. Some people with disabilities choose to establish a SF SNT because they need help with managing their money regardless of whether they have government benefits or not.
You should not commingle family money and the Beneficiary’s money so we advise you to also establish a FF SNT with us as a part of your estate planning. If you are considering your estate planning or have something in place, please call us so that we may be of assistance. Specific wording must be used in the estate documents and insurances to ensure that money is directed to the FF SNT for the benefit of the individual.
Information about the Self-Funded Trust:
- Self-Funded Master Trust Agreement
- Self-Funded Joinder Agreement
- Trust Plan Part A & B
- Trust Checklist and Disclosure Statement
- Payment Options Form
- Account Statements Information Form
- W-9 Form
- Trustee Investment Options
- Guidelines for Writing Checks
- Referencing Your Special Needs Trust In Estate and Legal Documents