Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

WHAT IS AN INDIVIDUAL DISABILITY TRUST UNDER OBRA93?

April 26, 2017disability individual obra93 Trust

0

Posted

WHAT IS AN INDIVIDUAL DISABILITY TRUST UNDER OBRA93?

1 Answer

0

Posted

It is an individual trust for a person under 65 years of age. Any one can be a trustee , but should have a knowledgeable independent trustee. There is a payback provision to the state. Special needs items can be paid from the trust without endangering the beneficiarys eligibility. This trust can be used as a safe harbor to protect a beneficiarys eligibility when a personal injury recovery is obtained.