What exactly is a THIRD PARTY SPECIAL NEEDS TRUST?

2 months ago
201

TAKE A RIDE . . . with Fearless Floyd and what exactly is a third-party special needs trust (SNT) is a legal arrangement where assets from someone other than the individual with disabilities are used to fund the trust. This type of trust is typically established by a parent, grandparent, sibling, or another person who wishes to provide financial support to a family member with special needs without jeopardizing their eligibility for means-tested government benefits like Medicaid and Supplemental Security Income (SSI).

Unlike first-party SNTs, which are funded with the beneficiary's own assets, third-party SNTs are funded with assets that do not belong to the beneficiary. These trusts can be set up either during the donor's lifetime or through a will, ensuring that the funds can be used to supplement the beneficiary's needs while preserving their access to public assistance programs.

When the beneficiary of a third-party SNT passes away, any remaining funds in the trust can be distributed according to the terms of the trust, often to other named beneficiaries, rather than being required to repay the government.

What are known as Conspiracy Theories - we know as suppressed facts . . .

MUSHROOM IMMUNE SUPPORT SUPPLEMENTS:
Go to Link: FearlessFloydPets.com
MUSHPUPPIES: Helps the immune system work at an optimum level for many health issues in Canines.
MUSHPONIES: Helps the immune system work at an optimum level for many health issues in Horses.
INFORCE: Helps the immune system work at an optimum level for many health issues in Humans.
CBD: Helps so many animals with pain, inflammation, anxiety, stress just as it does with humans. (Pet & Human Grade)

TOPICS OF CURIOSITY . . . Fearless Floyd addresses a variety of trending topics with Fact Evidence, Questions and Answers lead to an adventure of a variety of topics; anything and everything Fearless finds interesting and cool. Get in and let’s ride for the in's and out's, daring tales of adventures and warnings how it all really works.

Ann LeFlore – on Trusts: How to Create and Operate a Revocable, Irrevocable, Foreign, Land, Express, College Tuition, and Charitable Remainder Trusts all in one Book.
Link to Book: https://thefearlessfloydshow.com/store

FAIR USE ACT DISCLAIMER: This site is for fun and educational purposes only fair use. If content shown is Copyright protected by its Registered Owner and is sole property of Record Owner and is for "Fair Use" for Educational/Enterntainment Purposes.

P.S. Do your own research! All still Photos and Video were filmed by and Property of: Fearless Floyd Pleasant Tarvin IV
Copyright © 2021-2025 FLOYD PLEASANT TARVIN IV ©. All rights reserved. Any unauthorized duplication or use in any manner is strictly prohibited and will be civilly, criminally and commercially enforced by Record Owner. For permission of use email: TheFearlessFloydShow@Yahoo.com.
EPISODE-1157

Loading comments...