special needs trust — A trust designed to hold and disburse property for the benefit of an SSI recipient so that SSI and Medicaid won t consider the trust property or disbursements to be a resource or income. To accomplish this purpose, the trust typically gives the… … Law dictionary
Special needs trust — A special needs trust is created to ensure that beneficiaries who are disabled or mentally ill can enjoy the use of property which is intended to be held for their benefit. In addition to personal planning reasons for such a trust (the person may … Wikipedia
Supplemental Needs Trust — A Supplemental Needs Trusts is a US specific term for a type of special needs trust (an internationally recognised term). Supplemental needs trusts are compliant with provisions of United States (federal and state) law and are designed to provide … Wikipedia
supplemental needs trust — See: special needs trust Category: Wills, Trusts & Estates → Getting Your Affairs in Order Category: Wills, Trusts & Estates → Living Wills & Medical Powers of Attorney Nolo’s Plain English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill.… … Law dictionary
United States trust law — Introduction Most law regulating the creation and administration of trusts in the United States is now statutory at the state level. In August 2004, the National Conference of Commissioners on Uniform State Laws created the first attempt to… … Wikipedia
trust for a vulnerable person — England, Wales The Finance Act 2005 (Sections 23 to 45) introduced a new income and capital gains tax regime for trusts for vulnerable persons. The special tax treatment is to ensure that the amount of tax charged on income and gains arising to… … Law dictionary
trust for vulnerable persons — England, Wales The Finance Act 2005 (Sections 23 to 45) introduced a new income and capital gains tax regime for trusts for vulnerable persons. The special tax treatment is to ensure that the amount of tax charged on income and gains arising to… … Law dictionary
master trust — A special needs trust under which a nonprofit organization operates a pooled trust on behalf of many individual beneficiaries. Category: Wills, Trusts & Estates → Getting Your Affairs in Order Category: Wills, Trusts & Estates → Living Trusts &… … Law dictionary
pooled trust — A special needs trust operated by a nonprofit organization for the benefit of several beneficiaries. Assets are jointly managed and invested. SSI does not consider pooled trust funds donated by a third party for a beneficiary to be a resource… … Law dictionary
third-party trust — A special needs trust funded exclusively with property given by people other than the beneficiary. Compare: self settled trust Category: Wills, Trusts & Estates → Getting Your Affairs in Order Category: Wills, Trusts & Estates → Living Wills &… … Law dictionary