7765 Freetown Road, Glen Burnie, MD 21060 | (443) 702-3000

Planned Giving

One Gift, A Lifetime Investment

Meet your personal financial goals while making a difference for our future.

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Special Needs Trust

A SNT holds assets for a person with disabilities. The prime purposes of the Trust are to provide for the beneficiary's needs and to enhance the quality of the beneficiary's life without jeopardizing the beneficiary's eligibility for SSI, (Medicaid (Medical Assistance) and certain other public benefits.

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  • The Third Party SNT is the best method for providing instructions on leaving inheritance to a loved one with special needs.
  • Called the third party SNT because it is established with the assets of someone other than the loved one with special needs.
Most Families prefer the Third Party Trusts
  • The Third Party SNT allows for the distribution upon death to go to the grantor's wishes and there is no payback requirement
  • The Third Party SNT is revocable during the life of the grantor
Special Needs Trust
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Special Needs Trust
Life Use
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Benefits of a Special Needs Trust

  • Receive a federal income tax deduction for the value of the remainder interest in your home or farm
  • Preserve your lifetime use and control of your home or farm
  • Create a Special Needs Trust based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child

How a Special Needs Trust works

  1. You deed your home or farm to Bello Machre. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other Special Needs Trust party named in the deed.
  2. You and Bello Machre sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
  3. When the owners of the Special Needs Trust have passed away, your home or farm will belong to Bello Machre. We will use or sell the property to further our charitable work.

Contact us

To learn more about a Special Needs Trust, please contact us. We would be happy to assist you and answer your questions.

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