
Can You Use a Special Needs Trust for Medicaid?
A Special Needs Trust (SNT) helps individuals with disabilities maintain Medicaid eligibility by holding assets outside of their countable resources. There are different types of SNTs, including First-Party, Third-Party, and Pooled Trusts, each serving unique needs. These trusts cover expenses Medicaid doesn’t, like therapies, education, or recreation, while safeguarding government benefits. Setting up an SNT requires careful planning with an estate planning attorney to ensure compliance with Texas and federal laws, making it a valuable tool for protecting your loved one’s financial future.