Trusts Attorney in Hopkins, Minnesota

Supplemental Needs Trust

More In This Category

View Transcript

A client might want to consider a supplemental needs trust if he or she wants to gift to  beneficiary who is receiving governmental assistance such as Medical Assistance or Welfare benefits. Ordinarily, if that’s the case, if that beneficiary were to receive a gift either outright, through a will, or through a trust, that might disqualify that person from the government benefits that he or she’s receiving, and we don’t want that. So a supplemental needs trust is kind of a neat and very legal and run around this disqualification process such that the beneficiary can receive the benefactor in a certain way, but not disqualify them from their government benefits.

Minneapolis Estate Planning Attorney Keith Cambre, talks about what a “Supplemental Needs Trust” is and when you can use it.

More Videos From This Lawyer