With a Vanguard Special Needs Trust, you can set aside funds for the care and well-being of a person with special needs, ensuring access to essential resources while still qualifying for key benefits.
A Special Needs Trust (SNT) is a legal instrument designed to provide financial support for individuals with disabilities without jeopardizing their eligibility for government assistance programs.
The primary advantage of a Special Needs Trust is that it helps protect the individual’s eligibility for government benefits such as Supplemental Security Income (SSI) and SSID.
Complex rules and regulations govern these Trusts, and if this type of Trust could be helpful to you, it’s crucial to work closely with one of our attorneys to ensure compliance and the best fit for the individual.
Yes, there are two main types of Special Needs Trust: First-party and Third-party Trusts.
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