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What is the difference between a first party special needs trust and a third party special needs trust?

[vc_row][vc_column][vc_custom_heading source=”post_title” font_container=”tag:h1|text_align:center” use_theme_fonts=”yes”][/vc_column][/vc_row][vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=IoRlFq3SlXk”][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]A first party special needs trust is set up with funds of the person who is the beneficiary of that trust. A third party special needs trust is set up with funds other than those of the person who is the beneficiary of that trust. It is set up by a third party, whereas a first party special needs trust is set up through the assistance of the person who’s going to benefit from the trust.[/vc_column_text][/vc_column][/vc_row]