Not on SSI but inheritance put in a supplemental needs trust

[ibnatasha2u]

Father passed away, left inheritance in a supplemental needs trust. Can this be changed?

 

[FlyingRon]

One would have to read the trust to tell. That would take a lawyer. Note, the fact that you're not on SSI or other relief that would require the trust to preserve your benefits means little. My son is on a spendthrift trust because I don't trust him not to burn through it all immediately on stupid stuff.

 

[ibnatasha2u]

Can the trust be changed to that? A spendthrift trust?

 

[FlyingRon]

Why? It won't make much of a difference. The money will still be metered out by the trustee (who won't be you).

 

[Taxing Matters]

Father passed away, left inheritance in a supplemental needs trust. Can this be changed?

The term "supplemental needs trust" doesn't tell me a whole lot since the terms of trusts can vary significantly. You need to review the actual terms of the trust. Note, though, that if it was trust that was designed to help keep you eligible for SSI or other means based programs it would not allow you to change the trust on your own because if you had that power you'd also lose the benefits.