What does SNT stand for in estate planning?

The primary objective of an SNT is to enhance the quality of life for disabled individuals by providing additional resources beyond what government benefits can offer. These funds can be used for a wide range of expenses, including medical treatments, personal care services, and recreational activities.

One of the key benefits of an SNT is that it preserves the beneficiary's eligibility for government programs like Medi-Cal and Supplemental Security Income (SSI). Without such a trust, the receipt of significant financial gifts or inheritance could disqualify them from receiving these essential benefits.

Establishing an SNT involves careful planning and consideration of the beneficiary's unique needs and circumstances. A qualified attorney or financial advisor can help guide individuals through the process, ensuring that the trust is structured appropriately and meets all legal requirements.

A special needs trust (SNT) is a unique financial arrangement tailored to meet the needs of individuals with disabilities. In California, this type of trust serves as a vital tool for ensuring the well-being of beneficiaries without disrupting their eligibility for crucial government assistance programs.

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