How Special Needs Trusts WorkContentsHow Special Needs Trusts WorkWhat is a Trust?How a Special Needs Trust Can HelpHow Trust Funds Can Be SpentPA ABLE Savings Program for Disability-Related ExpensesPooled TrustsWill You Need a Lawyer? A special needs trust provides financial support for your loved one without jeopardizing government benefits. What is a Trust? A trust is a legal arrangement in which one party (individual, group, or organization) holds and manages property for the benefit of another. The person (or persons) who benefits from the property, the beneficiary, does not own or control it. The person (or persons) or organization that manages and distributes the property, the trustee, does not benefit from it, other than reasonable compensation for services. A trustee is obligated by law … Continue reading How a Trust can help?
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