Is there a connection between public benefits and personal resources (assests and income)?
) In addition, the Grantor may have concerns about the Beneficiary’s ability to manage his or her own funds and possibly compromise the money intended for support. The appointed Trustee should be knowledgeable about the Grantor’s intended goals of the trust, the Beneficiary’s needs and any public benefits the Beneficiary may be receiving. An SNT holds funds that the Grantor provides for the Beneficiary’s benefit. A properly drawn up Special Needs Trust is not counted as an asset or income of the person with a disability for the purpose of maintaining SSI and Medicaid and contains carefully written instructions on when and how to use the trust assets. (See SSI and Medicaid Benefits.) The Trustee provides oversight and management of the assets as well as investment of the funds. The Grantor can set up a third party SNT with CCT by completing the Joinder Agreement and providing payment of the Enrollment Fee. Once the trust is set up, the SNT can receive funds at any time and from anyone.
