Special-Needs Trust

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Special-Needs Trust

Definition

A type of discretionary trust that is created for the benefit of a person suffering from chronic, severe, and persistent physical or mental impairment. Special-needs trusts provide supplemental income to cover expenses not covered by federal and state assistance programs, like Medicaid, without rendering the beneficiary financially ineligible for such programs.

Related rules

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— Alexander v. Harris

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— Family Trust of Massachusetts, Inc. v. United States

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