Can a family member or friend other than the Grantor make a contribution to the SNT?
Yes, anyone can name the Beneficiary’s SNT as a Beneficiary of their estate plan or will. In order to preserve means-tested benefits, it is critical that potential inheritances be directed to the Special Needs Trust that is set up for the loved one with a disability. Once established, the trust may receive gifts, bequests, and inheritances from relatives or friends who choose to name the Beneficiary. It is an efficient and cost-effective way for other family members to avoid having to prepare separate special needs trusts. Once the SNT is set up, checks with the name of the Beneficiary and, if possible, the account number can be made payable to the TCVA and sent to Commonwealth Community Trust for deposit into the Beneficiary’s account.
