Distinctions Between a First-Party Special Needs Trust and a Third-Party Supplemental Needs Trust
Written by Jill Roamer J.D. A First-Party Special Needs Trust (SNT) and a Third-Party Supplemental Needs Trust (SNT) are used when a beneficiary would like access to extra funds without jeopardizing their eligibility for public benefits. Let’s review some key differences between these trusts. The First-Party SNT is irrevocable and is used when the assets…