Structured Settlements

Recent Special Needs Trust Legislation Benefits Claimants With Disabilities

Submitted by Abbey Hudson on Fri, 12/30/2016 - 17:49

On December 13, President Obama signed a healthcare spending bill called the 21st Century CURES Act. This new law included a provision supported by NSSTA that allows individuals to set up their own special needs trusts. This small change to the Social Security Act enables a person to petition the court to establish a special needs trust without an outside trustee. Under the previous law, only the court or a legal guardian could establish a special needs trust.