Special Needs Trust
Trust designed to benefit a person with a disability without jeopardizing government benefits.
Detailed Explanation
A Special Needs Trust (or Supplemental Needs Trust) is designed to provide financial support to a beneficiary with a disability without disqualifying them from essential government benefits like SSI or Medicaid. The trustee uses the funds to pay for 'extras' not covered by public assistance, enhancing the beneficiary's quality of life.