Form SNT-12 Supplemental Needs Trust Accounting - New York City

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Form SNT-12 Supplemental Needs Trust Accounting - New York City

What Is Form SNT-12?

This is a legal form that was released by the New York City Department of Social Services - a government authority operating within New York City. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form SNT-12?
A: Form SNT-12 is a form used for filing the accounting of a Supplemental Needs Trust in New York City.

Q: What is a Supplemental Needs Trust?
A: A Supplemental Needs Trust is a special trust designed to provide for the needs of individuals with disabilities without jeopardizing their eligibility for government benefits.

Q: Who needs to file Form SNT-12?
A: The trustee of a Supplemental Needs Trust in New York City needs to file Form SNT-12 to report and account for the trust's financial transactions.

Q: What information is required on Form SNT-12?
A: Form SNT-12 requires the trustee to provide detailed information about the income, expenses, and assets of the Supplemental Needs Trust.

Q: Are there any deadlines for filing Form SNT-12?
A: Yes, the trustee must file Form SNT-12 within 90 days after the end of each calendar year or within 90 days after the termination of the trust.

Q: What happens if Form SNT-12 is not filed?
A: Failing to file Form SNT-12 may result in penalties and legal consequences for the trustee.

Q: Is there a fee for filing Form SNT-12?
A: Yes, there is a filing fee associated with submitting Form SNT-12. The fee amount varies and should be confirmed with the Surrogate's Court.

Q: Can I get assistance with filling out Form SNT-12?
A: Yes, you can seek legal counsel or professional assistance to ensure accurate completion of Form SNT-12.

Q: Are there any other requirements or documents related to Supplemental Needs Trust accounting?
A: Yes, in addition to Form SNT-12, the trustee may be required to maintain supporting documents such as bank statements, receipts, and transaction records.

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Form Details:

  • Released on October 30, 2020;
  • The latest edition provided by the New York City Department of Social Services;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form SNT-12 by clicking the link below or browse more documents and templates provided by the New York City Department of Social Services.

Download Form SNT-12 Supplemental Needs Trust Accounting - New York City

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