Trust establishment for current and recent foster youth receiving benefits and other income

This bill establishes a trust system for current and recent foster youth in Minnesota who receive government benefits or other income, allowing financially responsible agencies to manage these funds on behalf of the children. The legislation authorizes agencies to apply as payees for Supplemental Security Income, retirement benefits, veteran benefits, and similar payments, while requiring written notice to the child, parents, guardians, and other relevant parties about the arrangement. Key provisions mandate that funds be used solely for the child's care, prohibit commingling with other funds, and require agencies to maintain records and submit annual reports to state officials. The bill also ensures that children aged 13 and older receive clear, in-person explanations about how their benefits are being managed.