Question: If a special needs trust owns the house that the trust beneficiary lives in, who pays for the home expenses — the trust or the beneficiary?
Answer: The trust should pay for all taxes and insurance, but the beneficiary should pay for utilities if he is able. If the trust pays for utilities, and the beneficiary receives Supplemental Security Income (SSI), the beneficiary’s SSI award may be reduced. For more on homes and special needs trusts, click here.
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