About the First Party Trust
Individuals use Supplemental Needs Trusts (SNT) to provide financial security for their loved one with a disability. It is designed to supplement the beneficiary’s basic needs but not supplant the public benefits that are available to provide those basic needs. Supplemental Needs Trusts allow people with disabilities to enjoy a better quality of life.
Examples of things a trust can pay for include:
The continuation of family traditions.
Resources needed to allow the person with a disability to pursue hobbies.
Vacations.
Education.
Home repairs.
Computers that facilitate communication.
Adaptive and medical equipment not covered or reimbursable through other insurances to enhance quality of life.
The possibilities for the continuation or increased quality of life are substantial, particularly if funds are invested and handled responsibly for the sole benefit of the person with the disability.
Pooled trusts create an avenue for people with disabilities to be able to receive inheritances, wrongful death settlements and personal injury awards etc. without jeopardizing their public benefits.
Please read:
First Party Trust Forms
Submission Checklist
Beneficiary Profile Beneficiary Profile (fillable pdf)
Sponsor Agreement Sponsor Agreement (fillable pdf)