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About Midwest
Special Needs Trust
Midwest Special Needs Trust (MSNT) provides
trust services for persons with disabilities. The organization was
established as a result of advocacy by parents and professionals who
realized that many obstacles hinder planning for the financial future
of individuals with disabilities. The organization was created by
statute (RSMo
402.199 - 402.220) in 1989. MSNT is a 501(c)(3) general
non-profit organization established for the purpose of administering
special needs trusts.
Special needs trusts are a type of trust
specifically designed for individuals with disabilities. If properly
structured and administered, special needs trusts do not affect an
individual’s eligibility for benefits such as SSI or Medicaid.
In addition, MSNT administers the Charitable Trust.
Funds of the Charitable Trust are used to provide assistance to
individuals with disabilities who meet eligibility and income criteria.
MSNT is governed by a nine member Board of Trustees. Board members
are appointed by the governor of the State with advice and consent of
the Senate. Six Board members are individuals who have a family member
with a disability. Three Board members are individuals with expertise
in business. Board members serve without compensation and are appointed
to 3 year terms.
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