What Is a Self-Settled Trust or Grantor’s Trust?
This Special Needs Trust is established with assets that come from the disabled person. There are specific federal and state law requirements to establish this type of Special Needs Trust. Typically, these trusts are established from settlement awards to the disabled or injured person from inheritances that were left outright to the disabled person, back payments from social security or other payments to the disabled person. Medicaid law requires that the Trust provide for reimbursement of Medicaid expenditures made for the disabled person’s medical care if anything remains in the trust at the death of the disabled person.
