Amendment #362 to H5150

Preserving Special Needs Trusts for Disabled Seniors

Ms. Hogan of Stow moves to amend the bill by adding the following section:

"SECTION XXXX. Section 28 of chapter 118E of the General Laws, as appearing in the 2018 Official Edition, is hereby amended by adding at the end thereof the following paragraph:—

A transfer by an individual age 65 and over into a trust that conforms to 42 U.S.C. §1396p(d)(4)(C) established for the sole benefit of said individual shall be considered by the division as a disposal of resources for fair market value, to the extent that such resources could, under any circumstances, be used by the trustee to provide goods or services to the individual at fair market value".

Additional co-sponsor(s) added to Amendment #362 to H5150

Preserving Special Needs Trusts for Disabled Seniors