Home
Forms Library
Special needs trusts, structured annuities - Schoenbaum, Curphy

Special needs trusts, structured annuities - Schoenbaum, Curphy 2025

Special needs trusts, structured annuities - Schoenbaum, Curphy Preview on Page 1

Show details

4 out of 5

26 votes

The document provides a comprehensive overview of special needs trusts, structured annuities, and Medicare set-aside allocations, focusing on how these financial tools can help individuals receiving government benefits like Medicaid and SSI maintain their eligibility when they receive personal injury awards or inheritances. It outlines various Medicaid programs in Texas, eligibility criteria, and the importance of careful planning to avoid loss of benefits. The document emphasizes the role of Supplemental Needs Trusts (SNTs) in preserving eligibility for government assistance while allowing for additional resources to enhance the quality of life for disabled individuals. It also discusses the implications of personal injury settlements on Medicare coverage and the necessity for attorneys to protect clients' interests regarding government benefits.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to modify Special needs trusts, structured annuities - Schoenbaum, Curphy online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your documentation takes only a few simple clicks. Follow these quick steps to modify the PDF Special needs trusts, structured annuities - Schoenbaum, Curphy online for free:

Sign up and log in to your account. Sign in to the editor with your credentials or click Create free account to examine the tool’s functionality.
Add the Special needs trusts, structured annuities - Schoenbaum, Curphy for redacting. Click on the New Document button above, then drag and drop the document to the upload area, import it from the cloud, or using a link.
Alter your document. Make any adjustments required: add text and photos to your Special needs trusts, structured annuities - Schoenbaum, Curphy, underline important details, erase sections of content and replace them with new ones, and insert symbols, checkmarks, and fields for filling out.
Complete redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the people involved.

Our editor is very intuitive and effective. Try it out now!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can a special needs trust own an annuity?

The purchase of annuities as part of personal injury settlement is a common practice among personal injury attorneys. It is perfectly appropriate to use structured settlements in funding a Special Needs Trust for a disabled beneficiary provided the investment figures are favorable.

What is the downside of a special needs trust?

These include administrative complexity, ongoing legal expenses, and restrictions on how funds can be used for the beneficiary. Additionally, upon the beneficiarys passing, any remaining trust assets might be subject to reimbursement claims.

Can a trustee access money?

While trustees have the authority to withdraw money from a trust, they are not allowed to withdraw money from a trust account for personal use unless specified in the trust. However, its important to mention that it is cause for suspicion even if this is the case. Related Article: Do Trustees Get Paid in California?

What happens to the money in a special needs trust at death?

In the event of a death within a pooled special needs trust, any monies left in the account are used to help cover the cost of any administrative fees for the pooled trust. In essence, the money will help the trust keep going, so all other beneficiaries can still receive their benefits.

What are the two types of special needs trusts?

A Special Needs Trust (SNT) allows for a disabled person to maintain his or her eligibility for public assistance benefits, despite having assets that would otherwise make the person ineligible for those benefits. There are two types of SNTs: First Party and Third Party funded.

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

Can a trustee of a special needs trust be paid?

Serving as a trustee of a special needs trust can be a time-consuming and complicated job, which is why trustees are almost always entitled to compensation for their services. Payment of trustees usually takes one of two forms: either a flat fee based on a percentage of the trusts assets, or an hourly rate.

Does the trustee of a special needs trust get paid?

Compensation Unless the trust agreement states otherwise, trustees are usually entitled to compensation for their services. Compensation is usually set forth in state law. If a corporate trustee is serving, it usually receives a fixed amount, based upon the value of the trust estate.

What is the purpose of a special trustee?

A Special Trustee is someone who is entrusted with exclusive Trust powers over a particular Trust asset. The most common reason for a special Trustee is when there is a professional practice (e.g., a doctors practice).

Special needs trusts, structured annuities - Schoenbaum, Curphy 2025

Here's how it works

The best way to modify Special needs trusts, structured annuities - Schoenbaum, Curphy online

Complete this form in 5 minutes or less

Got questions?

Can a special needs trust own an annuity?

What is the downside of a special needs trust?

Can a trustee access money?

What happens to the money in a special needs trust at death?

What are the two types of special needs trusts?

Complete this form in 5 minutes or less

People also ask

Can a trustee of a special needs trust be paid?

Does the trustee of a special needs trust get paid?

What is the purpose of a special trustee?

Try more PDF tools