Did You Know . . . ?
The use of Special Needs Trusts was authorized by Congress under the Omnibus Budget Reconciliation Act of 1993 (OBRA-93), signed into law by President Bill Clinton, and is codified at Title 42 United States Code § 1396(p)(d)(4)(A).
For the first time since 1993, Congress recently enacted changes to Special Needs Trust law. We are encouraging our clients and anyone who has a Special Needs Trust to have the document reviewed to ensure its compliance with the new law.
Since the enactment of OBRA-93, NSNN has created some 2,000 Trusts. Our Trusts have always met all lawful requirements imposed by Administrative and Governmental agencies.