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Can you have a special needs trust fund and collectssi from the gov?
Wiki User
∙ 14y ago
The purpose of a special needs trust is to allow a person who collects some form of benefit from the government to have other assets available for their needs. It cannot be emphasized enough that the trust must be drafted by an expert in trust law and tax law. If properly drafted, the trust assets will not be counted for purposes of qualification. If improperly drafted those assets could trigger a denial of government benefits until the trust assets are spent. You can read more about this topic at the link provided below
Wiki User
∙ 14y ago
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You receive ssi can you still have special needs trust fund?
Yes, individuals receiving Supplemental Security Income (SSI) can have a special needs trust fund. Special needs trust funds are designed to help individuals with disabilities maintain their eligibility for government benefits, such as SSI, while still having access to additional financial resources for their care and support. It is important to work with a knowledgeable attorney or financial planner to set up and manage the trust fund correctly.
Is it possible for an estranged father in Texas who played no part in the bringing up of his special needs child ... who has recently passed away ... be entitled to a share of their trust fund?
It depends on the laws in your state as well as if there are debts that must be paid from the trust fund for the child's care. Certainly if there are funds available the custodial parent should not be left in debt.
What is real estate trust fund overage?
trust fund overage
What is 'trust fund' in Spanish?
"Fondo de fideicomiso" is "trust fund" in Spanish.
Does the state have access to a trust fund in prisoners name?
The state of California dept of Corrections DOES NOT have access to a prisoners trust fund. A trust fund is exempt.
Does Medicaid take from trust?
Depending on what kind of trust it is and what the circumstances are. Maybe you need to look into a special needs trust fund. Still medicade could have a lean on the fund and if the person is to pass away, medicade could take the money that is owed, but most likely is not going to take all. Im pretty sure that's how everything. Dont quote me on that. But, I'm pretty sure that's how it goes! It's worth checking into
Who pays for your pension for teamsters?
Usually there is a trust fund that a Teamster's pension is paid for. An example of this kind of a trust fund is The Teamsters Pension Trust Fund of Philadelphia and Vicinity.
What is the adult equivilant of a child trust fund?
College Trust FundThe College Trust Fund 529 Plan is the most popular and successful type of trust fund for adults trying to have money for college
What are intragovernmental holdings?
Intragovernmental Holdings are Government Account Series (GAS) securities held by government trust funds, revolving funds and special funds; plus Federal Financing Bank securities. The Intragovernmental Holdings are primarily composed of the Medicare Trust Fund and Social Security Trust Fund.
Where can one find child trust fund comparisons?
One can find child trust fund comparisons from Kiss Trust and Trust Egg. One can also find child trust fund comparisons from Money Saving Expert and The Children's Mutual.
Can a trust fund be used to pay for the child's school fees?
You need to review the provisions of the trust to determine how the funds can be used. Generally, a trust set up for a child allows expenditures related to educational needs.
If trustee of trust is not despensing trust fund what do you do?
sue
