Planning For The Disabled And Elderly - Special Needs Trusts

As the average life span of our population continues toA. The trust must contain the assets of a disabled
increase, and the elderly and disabled live longer thanindividual (of any age);
ever before, attorneys are challenged to properlyB. The trust must be established and managed by a
protect them. The United States government providesnonprofit association; wherein, for the purposes of
financial assistance through Medicaid and Supplementalinvestment management, the assets are pooled but
Security Income (SSI) to some extent, but it is rarelywherein a separate account is maintained for each
sufficient to meet all the needs of the recipient. Thebeneficiary;
use of a Special Needs Trust (SNT) is an excellentC. The trust must pay the state up to an amount equal
means to care for and protect the elderly andto the total Medicaid benefits received if the
handicapped in addition to and in conjunction with theirbeneficiary keeps assets in an account not retained by
government benefits. (As always, please consult withthe trust; and
a qualified Florida elder law attorney before pursuingD. The trust must be established by a parent,
any course of action.)grandparent, legal guardian, court or individual. Pooled
Ordinarily the attorney seeks to draft a SNT that willtrusts are less commonly used and harder to
not subject the government benefits recipient to anadminister than (d)(4)(A) trusts which are outlined in
ineligibility period or reduce the benefits that thegreater detail next.
programs provide. In some circumstances however,42 U.S.C *1396(d)(4)(A) sets forth the most common
the recipient's amount of government benefits will beform of special needs trust. This trust excepts form
reduced as long as essential elements of the benefitsthe attribution rule a SNT containing assets of a
are not eliminated. For example, an SSI recipient maydisabled beneficiary provided that:
suffer reduced monthly SSI benefits but gain full(i) The beneficiary is under age 65 when the SNT is
Medicaid coverage for medical needs which is a higherfunded;
financial aid. All SNTs must conform to appropriate(ii) The SNT is established by the parent, grandparent,
statutory and regulatory requirements to assure thelegal guardian, or court, not the beneficiary.
ongoing SSI/Medicaid eligibility of a disabled or elderly(iii) The trust requires the trustee to reimburse Medicaid
individual.for the cost of services from any principal and income
The Special Needs Trust may be either an inter-vivosremaining in the trust at the beneficiary's death. HCFA
or testamentary trust fund, and may be either64
self-settled or created by a third party. The type ofIt is helpful to define and comment on some of the
trust depends upon whose money funds the trust andabove (d)(4((A) requirements mentioned above. The
the age and circumstances of the beneficiary.(d)(4)(A) trust is almost always settled with the
There are basically three types of SNTs. One is a thirddisabled beneficiary's money and established by one
party created trust for a public benefits recipient.of the above individuals. Thus making these trusts also
Another is a third party created trust for a publicfall under the third category above. The assets may
benefits recipient wherein the third party also seeksinclude structured settlement payments and lump sum
public benefits for him or herself. The last is a firstsettlements. The term disabled is defined in section
party or self-settled trust created for one's own1614 (a) (3) of the Social Security Act, 42 U.S. C.
benefit.Section 1382 (c) (a) (3), as one who is already
In the SNT created by a third person for another whoreceiving SSI or Medicaid based upon disability
is already receiving public benefits, the donor wishes tobecause the Department will accept the previous
donate or bequeath assets to another individualdisability determination.
without jeopardizing the individual's eligibility for publicAlternatively, if one is not yet receiving SSI or Medicaid
benefits. In practice, this trust is used most frequentlythere will be an independent determination of disability.
when a parent establishes a trust for a disabled childThe disabled individual must be under 65 years of age,
and when a spouse of a Medicaid recipient, or potentialhowever the trust will continue to be exempt from the
Medicaid recipient, bequeaths some or all of theirinclusion in the Medicaid eligibility determination after he
estate in trust for their spouse.or she turns 65 but the assets contributed to the trust
The next type of SNT adds a twist onto the above. Inafter age 65 will not qualify for an exemption.
this trust the donor wishes to donate or bequeathAnd lastly, because of the pay-back language, all
assets to a disabled child or individual under age 65existing Medicaid liens should be paid first from the
and additionally the donor wishes to achieve Medicaidpersonal injury settlement prior to distribution. Other
eligibility for him or herself.liens may be deferred until the death of the disabled
Lastly, a SNT may be established by a disabledbeneficiary and the termination of the trust.
individual seeking to save their own funds for their ownThere are many benefits of the SNTs. Although the
benefit. This trust is typically used in conjunction with atrustee is required to reimburse the state for past
lawsuit recovery to preserve the injured party's assetsbenefits upon the disabled individual's death, the heirs
for future needs. Creating and administering thisare benefited by the deferral during the beneficiary's
self-settled trust is extremely challenging due to thelife for the following reasons:
necessary correlation between trust requirements and
public benefits program rules. The program rules are1. Despite the fact that the beneficiary may retain
often inconsistent and unclear regarding self-settledother public benefits through the use of the trust, only
trusts and the attorney must scrutinize each program'sMedicaid requires reimbursement.
nuances in order to draft a self-settled trust which will2. The states do not charge interest on the deferred
not jeopardize the many public benefits the donorpayments; thus one is receiving the equivalent of an
recipient may be entitled to and will satisfy trustinterest free loan.
statutory and regulatory requirements.3. The state, as the administrator of the Medicaid
The controlling Federal law regarding SNTs is entitledprogram, will likely pay less for the services than the
OBRA 93, found at 42 U.S.C. *1396p. The definition ofbeneficiary would pay privately.
a trust under OBRA 93 is ...Realizing that the SNT4. Some crucial Medicaid programs and services are
would be a valuable planning tool for disabledunavailable to private citizens.
individuals, Congress specifically exempted three kinds5. If there is nothing left in the trust, Medicaid goes
of Special Needs Trusts from the OBRA 93 rules:away empty handed and they do not look further at
d4A, d4B and d4C trusts. These trusts are named forother assets or individuals.
the section of OBRA 93 that provides their exemption6. There is no period of ineligibility for Medicaid caused
from OBRA's general trust rules.by the creation of the trust. The corpus is deemed
42 U.S.C. *1396p(d)(4)(B) trusts are generally known asunavailable to the beneficiary.
Qualified Income Trusts which are a form of Special7. SNTs enable the disabled individual to have his or
Needs Trust used in income cap states, such asher financial needs met during their lifetime. The
Florida, to allow a Medicaid applicant's income to beprincipal and income can be used for the beneficiary's
trusted and paid to the nursing home, thereby notbenefit providing the items and services purchased do
disqualifying them from Medicaid. The d4B trust isnot imping upon eligibility requirements for SSI and
relatively simple in application and because of it's uniqueMedicaid.
and narrow nature, this trust is not included under the8. The establishment of a (d)(4)(A) trust should not
umbrella of the three basic types of SNTs mentionedaffect the beneficiary's SSDI benefits nor veteran's
above.benefits, and it does not apply to persons on Medicare
42 U.S.C. *396p(d)(4)( C) trusts, or pooled trusts asas they are at least 65 years of age.
they are commonly known, are a form of Self-Settled,There are many nuances and areas of special
Special Needs Trust for the public benefits recipientconcern in the SNT drafting and implementation that
that are also exempted from general trust attributionare outside the scope of this article. The personal
rules. These trusts fall under the third category above.injury practitioner especially should consult with an
The pooled trust must meet strict criteria as set outattorney who practices in the SNT arena as soon as
below.possible before settlement is reached.