A supplemental needs trust (sometimes called a “special needs trust”) is created to provide financial assistance for a beneficiary without disqualifying that beneficiary from receiving governmental assistance, such as Medicaid or Supplemental Security Income (SSI).  Because the beneficiary does not own the assets in the trust, he or she can remain eligible for benefit programs that have an asset limit.

Examples of supplemental needs are costs for sitters, companions, and dental or medical expenses not covered by Medicare or Medicaid.  Without these special provisions, the trust might disqualify the beneficiary from receiving means-tested benefit programs.

Assisting Your Family
Administering a supplemental needs trust is considerably more complex than managing most family and/or charitable trusts.  In addition to the technical services listed in the accompanying chart, we will work with your family to develop a deep appreciation of the needs of each beneficiary to enhance their quality of life.

Please use the “Contact Us” link at the top right to schedule a complimentary consultation to see if a supplemental needs trust would make sense for your family.

Trust and fiduciary services are provided by Stifel Trust Company, N.A. and Stifel Trust Company Delaware, N.A. (Stifel Trust Companies), wholly owned subsidiaries of Stifel Financial Corp. and affiliates of Stifel, Nicolaus & Company, Incorporated, Member, SIPC & NYSE.  Unless otherwise specified, products purchased from or held by Stifel Trust Companies are not insured by the FDIC or any other government agency, are not deposits or other obligations of Stifel Trust Companies, are not guaranteed by Stifel Trust Companies, and are subject to investment risks, including possible loss of the principal invested.  Neither Stifel Trust Companies nor affiliated companies provide legal or tax advice.