Special Needs Trust: More Than Just Taking of the Money

A Special Needs Trust always involves families with very emotional concerns about the long term financial protection and care for a very special loved one. Our approach is to form a team with family members and outside professionals to identify how the assets in the trust can enhance the quality of life of the beneficiary while protecting public benefits. Understanding permissible distributions under Medicaid and SSI provisions adds another layer of complexity to the administration of this type of trust. While many professional fiduciaries shy away from serving as trustee under Special Needs Trusts, Members Trust Company has a different mission and purpose, making these trusts a core commitment for the greater good.