Special-Needs Trust

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.

Get full access FREE

With a 7-Day free trial membership
Here's why 742,000 law students have relied on our key terms:
  • A complete online legal dictionary of law terms and legal definitions
  • Over 7,900 key terms written in plain English to help you not only understand the law but master it
  • The premier online law dictionary built specifically for law students
  • Easy access in class or on the go, accessible both online and through the Quimbee mobile app
  • Reliable - written by legal professors and practitioners
  • Get instant access to all related rules of law to any specific key term with a Quimbee Study Aid plan

Get full access FREE

With a 7-Day free trial membership