Posted by PeterJ on March 22, 2012, at 19:10:41
In reply to Re: Special Needs Trust » Novelagent, posted by SLS on March 22, 2012, at 15:04:03
What Scott says is correct. One must have a special needs trust to continue to qualify for SSI and Medicaid. It is true that special needs trusts are often set up for people who are developmentally disabled ("unable to count") but that is not their only purpose.
I've talked to an experienced lawyer and I have a good grasp of the legalities of such trusts. What I am looking for are experiences of persons who have lived with such trusts. For example, expenditures from such a trust have to be overseen by a trustee, and I don't know how onerous and restrictive that is in practice.
Peter
poster:PeterJ
thread:1013496
URL: http://www.dr-bob.org/babble/20120316/msgs/1013657.html