Administration and Handling of a New Jersey SNT

Administering a Special Needs Trusts in New Jersey How often have we heard “It’s all in the details.”?  A properly drafted special needs trust when administered correctly will not be counted as an available resource, and trust distributions to beneficiaries will not be counted as income.  Public benefits will be safeguarded and preserved.  To receive this special exception, however, the trust must meet certain New Jersey statutory requirements and pass review by a state agency and possibly the Social Security Administration who are responsible for administering the trust beneficiary’s public assistance program. The Administration of a Special Needs Trust The Importance of Proper Administration of a SNT in New Jersey While special needs trusts in New Jersey are conceptually simple, … Continue reading Administration and Handling of a New Jersey SNT