This form is a trust used to provide supplemental support for a disabled beneficiary without loss of government benefits. It may be revocable or irrevocable, as the funds are contributed by a third party, and not the beneficiary. The Omnibus Budget Reconciliation Act of 1993 established the supplemental needs trusts.
A Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary, also known as a Special Needs Trust or a Supplemental Benefits Trust, is an essential legal tool designed to provide financial support and resources for disabled individuals without jeopardizing their eligibility for government assistance programs such as Medicaid and Supplemental Security Income (SSI). This trust is specifically created by a third party, typically a family member, for the benefit of the disabled individual. A Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary operates by managing assets and funds endowed to the trust. These assets can be used to enhance the quality of life for the disabled beneficiary by offering extra comforts, amenities, or services beyond what government assistance programs may provide. The trust enables individuals with disabilities to maintain their public benefits while securing additional financial resources and improving their overall well-being. There are different types of Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary that can be established based on the circumstances and needs of the disabled individual: 1. General Support Trust: This type of trust provides general support for the beneficiary, covering a wide range of expenses such as housing, transportation, education, medical and dental costs, personal care attendants, and recreational activities. 2. Education Trust: An education trust is created to specifically cater to the education-related needs of the disabled beneficiary. It may cover expenses associated with special education, vocational training, college tuition, books, and necessary accommodations. 3. Medical Trust: A medical trust focuses primarily on covering the medical and healthcare expenses of the disabled beneficiary. It may include costs related to doctor visits, therapy sessions, prescription medications, assistive devices, and medical treatments not covered by government benefits. 4. Property Trust: A property trust allows for the management and protection of valuable property or real estate assets owned by the disabled individual. This type of trust ensures that the property is maintained, generates income, and does not affect the beneficiary's eligibility for government benefits. 5. Personal Care Trust: A personal care trust addresses the unique needs of disabled individuals requiring extensive personal care support. These trusts can cover expenses related to personal care attendants, home modifications, specialized equipment, or any other necessary services tailored to the beneficiary's specific needs. By creating a Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary, families and loved ones can ensure that disabled individuals receive the necessary financial support to enhance their quality of life without jeopardizing their eligibility for crucial government assistance programs. Establishing such a trust helps to secure a brighter future for disabled individuals by providing them with additional resources and opportunities for personal growth, education, and well-being.A Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary, also known as a Special Needs Trust or a Supplemental Benefits Trust, is an essential legal tool designed to provide financial support and resources for disabled individuals without jeopardizing their eligibility for government assistance programs such as Medicaid and Supplemental Security Income (SSI). This trust is specifically created by a third party, typically a family member, for the benefit of the disabled individual. A Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary operates by managing assets and funds endowed to the trust. These assets can be used to enhance the quality of life for the disabled beneficiary by offering extra comforts, amenities, or services beyond what government assistance programs may provide. The trust enables individuals with disabilities to maintain their public benefits while securing additional financial resources and improving their overall well-being. There are different types of Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary that can be established based on the circumstances and needs of the disabled individual: 1. General Support Trust: This type of trust provides general support for the beneficiary, covering a wide range of expenses such as housing, transportation, education, medical and dental costs, personal care attendants, and recreational activities. 2. Education Trust: An education trust is created to specifically cater to the education-related needs of the disabled beneficiary. It may cover expenses associated with special education, vocational training, college tuition, books, and necessary accommodations. 3. Medical Trust: A medical trust focuses primarily on covering the medical and healthcare expenses of the disabled beneficiary. It may include costs related to doctor visits, therapy sessions, prescription medications, assistive devices, and medical treatments not covered by government benefits. 4. Property Trust: A property trust allows for the management and protection of valuable property or real estate assets owned by the disabled individual. This type of trust ensures that the property is maintained, generates income, and does not affect the beneficiary's eligibility for government benefits. 5. Personal Care Trust: A personal care trust addresses the unique needs of disabled individuals requiring extensive personal care support. These trusts can cover expenses related to personal care attendants, home modifications, specialized equipment, or any other necessary services tailored to the beneficiary's specific needs. By creating a Georgia Supplemental Needs Trust for Third Party — Disabled Beneficiary, families and loved ones can ensure that disabled individuals receive the necessary financial support to enhance their quality of life without jeopardizing their eligibility for crucial government assistance programs. Establishing such a trust helps to secure a brighter future for disabled individuals by providing them with additional resources and opportunities for personal growth, education, and well-being.
