summary
Introduced
12/02/2019
12/02/2019
In Committee
12/02/2019
12/02/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to preserve special needs trusts for disabled seniors. (Senate, No. 2430).
AI Summary
This bill aims to preserve special needs trusts for disabled seniors. It amends the Massachusetts General Laws to specify that a transfer by an individual aged 65 or older into a trust that conforms to the federal law governing special needs trusts (42 U.S.C. §1396p(d)(4)(C)) shall be considered a disposal of resources for fair market value, to the extent that the trust's resources could be used to provide goods or services to the individual at fair market value. This change is intended to ensure that such transfers do not negatively impact the individual's eligibility for public assistance programs.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Joint Committee on Health Care Financing (J)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 12/02/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S2430 |
| Bill | https://malegislature.gov/Bills/191/S2430.pdf |
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