Special Needs Trust for Personal Injury Victim
Jan 01, 2016OUTCOME: Positive
A woman was injured in a car accident, rendering her quadriplegic. The was awarded nearly one million dollars. However, she also required full time medical care that would cost about $250,000 per y ... ear. Medicaid would pick up the tab, but only if she couldn't pay herself. The money was placed in a special needs trust, which is a specialized spendthrift trust that is not a "countable resource" for purposes of qualifying for medicaid. She is now able to use her money when she needs it and not use it for medical bills
