Supplemental needs trust means a discretionary trust established for the benefit of a person with a severe and chronic or persistent disability (the “beneficiary”) which conforms to all of the following criteria:
Supplemental needs trust means a discretionary trust established
Supplemental needs trust means a trust that the authorized trustee believes would not be considered a resource for purposes of determining whether the beneficiary who has a disability is eligible for government benefits.
More Definitions of Supplemental needs trust
Supplemental needs trust means a discretionary trust established for the benefit of a
Supplemental needs trust means a valid third- party irrevocable trust that is authroized by the federal Social lifetime of a trust beneficiary who is disabiled and is created for the purpose of providing, accounting for or receiving supplemental assets that do not supplant, impair or diminish any benefits or assistance of any federal, state or other government entity for which the beneficiary would otherwise be eligible.
Supplemental needs trust means a trust that the authorized trustee believes would not be considered a resource for purposes of de- termining whether the beneficiary who has a disability is eligible for governmental benefits.
Supplemental needs trust means a trust the authorized trustee believes would not be considered a resource for purposes of determining whether the beneficiary with a disability is eligible for governmental benefits.
Supplemental needs trust means an inter vivos or testamentary trust created for the benefit of a person with a disability and funded by a person other than the trust beneficiary or the beneficiary's spouse, and which is declared to be a supplemental needs trust in the instrument creating the trust.