A special needs trust is a legal arrangement used in estate planning to provide financial support for individuals with disabilities or special needs, while safeguarding their eligibility for means-tested government benefits like Medicaid or Supplemental Security Income (SSI). It allows assets to be held in trust for the benefit of the individual, managed by a trustee, and used to enhance their quality of life and support their specific needs. By utilizing a special needs trust, individuals can receive the assistance they require while still maintaining eligibility for crucial government assistance programs.
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