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Special Needs Trusts

The main purpose for creating a special needs trust (SNT) is to preserve public benefits for disabled and/or aged beneficiaries.  Generally, public benefits that are “asset sensitive” are relevant to the planning of an SNT.  There are a number of reasons for creating an effective SNT, some of which include:

  • The statutes and regulations relating to public benefits law are difficult to find and extremely complex;
  • It is difficult to acquire authoritative advice on the subject matter; and
  • SNT law may change during the term of the SNT (as it has in the past).

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