Special Needs Trusts (SNTs)
A Trusted Partner for Special Needs Trust Beneficiaries and their Families
Arboretum Wealth & Trust Management provides experienced and compassionate special needs trust administration. We pride ourselves on delivering expert administration, guidance, and advocacy.
What Is A Special Needs Trust?
A Special Needs Trust (SNT) is designed to help disabled beneficiaries by allowing disbursements for supplemental needs while preserving access to public benefits.
Without an SNT, a person with disabilities is only eligible to receive public benefits, such as Medicaid or Supplemental Security Income (SSI), if they have limited assets.
What Type of Special Needs Trust Do I Need?
There are two primary types of special needs trusts:
First-Party Special Needs Trust
Also known as a Self-Settled, OBRA, or Payback SNT, a First-Party Special Needs Trust is funded by the beneficiary’s own assets, including proceeds from personal injury settlements, assets accumulated during life, or a direct inheritance.
After the beneficiary passes away, Medicaid will request payback for services provided during the beneficiary’s life.
Third-Party Special Needs Trust
A Third-Party Special Needs Trust is an estate planning tool that allows you to plan for a loved one’s future needs.
As grantor, you may name a remainder after the disabled beneficiary passes away, as there is no payback to Medicaid.
What Does a Special Needs Trustee Do?
A special needs trustee administers the trust, making distributions to enhance the beneficiary’s quality of life while navigating the complex laws and regulations governing special needs trusts and public benefits.
The trustee’s responsibilities include prudent investment of trust assets, bill payment, accurate recordkeeping, and filing trust tax returns.
Why Choose Us?
Reliable Expertise
Our team has extensive experience administering special needs trusts. We have expert knowledge of trust regulations and restrictions, ensuring allowable distributions that enhance a beneficiary’s quality of life.
Compassionate Service
We understand the unique challenges our beneficiaries and their families face on a daily basis. Our approach is compassionate and personalized.
Comprehensive Management
Our team provides tailored investment management suited to the beneficiary’s specific needs. We emphasize responsiveness and clear communication, offering peace of mind by administering all aspects of your special needs trust with care and professionalism.