Special needs trust definition

Special needs trust means a trust the trustee believes would not be considered a resource for purposes of determining whether a beneficiary with a disability is eligible for governmental benefits.

Special needs trust means special needs trust as defined in section 59-08-01.

Special needs trust means a trust under 42 U.S.C. § 1396p(d)(4)(A) that meets the requirements for such a trust under any law or regulation of this State relating to the treatment of trusts for purposes of eligibility for Medicaid or other needs-based public assistance.

Examples of Special needs trust in a sentence

• Special needs trust A special needs trust is a trust that may be created under some State laws, often by household members for disabled persons who are not able to make financial decisions for themselves.

• Special needs trust: A trust containing the assets of the client and established solely for the benefit of the client by the client's parent, grandparent, legal guardian, or a court if the State will receive all amounts remaining in the trust upon the death of the client or upon termination of the trust up to the amount of total medical assistance paid on behalf of the client; or 2.

• Exhibit 4 illustrates the two compensating controls – cardholder reconciliation and periodic supervisory reviews of cardholders’ transaction reports by supervisors (discussed in the previous section), that should be implemented in the current PCard approval process.

• Special needs trust provisions will preserve eligibility for means- tested governmental benefits.

• A Special needs trust (“SNT”) is a form of a pure discretionary, spendthrift trust designed to preserve a disabled person’s eligibility for government benefits.

More Definitions of Special needs trust

Special needs trust means a trust the trustee believes would not be considered a

Special needs trust means an OBRA '93 trust, as defined in

Special needs trust means the Special Needs Trust to be submitted for review and approval by the Genesee County Circuit Court as described in Paragraph 21.30. A Special Needs Trust is generally designed to provide a person with a disability with assets that are considered an exempt source for purposes of determining eligibility for means-tested government benefits, such as SSI, Medicaid, Social Security Disability Insurance, or Childhood Disabled Beneficiary Benefits.

Special needs trust means a trust established pursuant to §44D-8B-13 of this code

Special needs trust means a trust established pursuant to §44D-8B-13 of this code for an individual beneficiary with a disability and such special needs trust is or will become irrevocable by the time the retirant names the special needs trust as the beneficiary of retirant’s annuity benefits in place of the individual beneficiary and terminates upon the death of the individual beneficiary with no further annuity benefits being payable; and

Special needs trust means a trust established for the

Special needs trust means a trust that is established for the sole