What does SNT mean in finance?

Medicaid is a joint federal and state program that provides health coverage for low-income individuals and families, including those with disabilities. Similarly, SSI is a federal income supplement program that provides cash assistance to individuals with disabilities who have limited income and resources.

The funds in an SNT are used to supplement, rather than replace, these government benefits. The trust can cover expenses that Medicaid or SSI does not cover, such as personal care services, education, and recreational activities.

Trusts are legal arrangements that allow individuals to transfer their assets to a trustee for the benefit of a beneficiary. Among the various types of trusts, this article focuses on a particular kind known as a special needs trust.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of its users. Among its offerings, BTCC provides spot trading, futures trading, and wallet services. These services enable users to buy, sell, and store digital assets securely and efficiently.

The integration of cryptocurrency services such as those provided by BTCC highlights the growing importance of digital assets in today's world. While SNTs focus on preserving eligibility for traditional government benefits, the adoption of cryptocurrency and other digital assets underscores the need for innovative financial solutions that cater to the evolving needs of individuals with disabilities.