Can beneficiary of first party special needs trust add money to it?
October 3, 2024 1:05 PM Subscribe
My BIL recently established a SNT in Minnesota to shelter a settlement from affecting benefits eligibility. Can he add money to it, and if so does it matter where the money comes from?
He temporarily has some Workman's Comp insurance income in addition to money coming from SSDI. His rent is low and, if we help him budget, he may be able to put aside some additional savings.
Can he simply add money to the trust, or would that cause issues? I've been looking all over for the answer and nobody seems to be addressing it. If he can add money, does it matter where the money comes from?
If you can answer -- preferably with reference to an official document, statute or whatever -- or direct me to an SNT trustees forum or something, that would be helpful. Thanks.
He temporarily has some Workman's Comp insurance income in addition to money coming from SSDI. His rent is low and, if we help him budget, he may be able to put aside some additional savings.
Can he simply add money to the trust, or would that cause issues? I've been looking all over for the answer and nobody seems to be addressing it. If he can add money, does it matter where the money comes from?
If you can answer -- preferably with reference to an official document, statute or whatever -- or direct me to an SNT trustees forum or something, that would be helpful. Thanks.
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