Part Two: What’s New in the Social Security Administration’s Approach to Special Needs Trusts?

Part Two Treatment of Disbursements from Trusts. Although trust principal may not be considered an available resource to the beneficiary, disbursements from the trust may be considered income to the SSI recipient (trust beneficiary), depending on the nature of the disbursements. The following rules apply to both self-settled and third party Special Needs Trusts. POMS SI [...]

By | February 4th, 2013|Social Security|0 Comments

Part One: What’s New in the Social Security Administration’s Approach to Special Needs Trusts?

Part One Establishing a Self-Settled Special Needs Trust Is Easier Said Than Done: A Two-Step Process Under the POMS, the resource counting provisions of Section 1613(e) do not apply to a trust: 1. Which contains the assets of a disabled individual under 65 years of age: 2. Which is established for the benefit of such individual [...]