Special needs trusts work to protect Supplemental Security Income (SSI) and Medicaid eligibility in Arizona by setting up a legal way for funds to help a person with disabilities without raising countable assets above state limits. Under Arizona law, funds in these trusts do not count toward SSI or Medicaid’s asset limit, so the [...]
Most families utilize a life insurance policy to ensure their special loved one is provided for after they’re gone. A trust established in Arizona can own the life insurance or be the beneficiary. This way, the proceeds go directly to the trust. The proceeds then assist with covering care, therapy, and daily needs without [...]
There are two primary types of special needs trusts: first-party and third-party, which are designed to assist individuals with disabilities in preserving public benefits when there is additional money available. First-party SNTs utilize the beneficiary’s own assets, typically from a settlement or inheritance. Third-party special needs trusts hold money from somebody else, such as [...]
A special needs trust in Arizona is a legal instrument that allows people with disabilities to maintain their public benefits while maintaining additional wealth. The trust allows a third party, administrator, or trustee to hold and manage funds or property for the beneficiary with special needs. Because funds in the trust do not count [...]
Special needs planning in Arizona is about laying the groundwork for individuals with disabilities to navigate finances, care, and daily life with dignity and security. Families often rely on trusts, benefits planning, and knowledgeable legal guidance to protect assets while ensuring their loved one continues receiving essential government assistance. Arizona’s laws governing special needs [...]
Key Takeaways You should inventory all your digital assets—online accounts, digital currencies, social media, cloud storage, etc.—to incorporate them into your estate plan. Arizona’s Digital Assets Act dictates how fiduciaries can access and control your digital assets, so your will needs to be consistent with its standards for legal form and privacy. Give your [...]
Key Takeaways So yes, you can create a legally valid will in Arizona without an attorney, but you do need to follow the state’s requirements for writing, signing, and witnessing. Your will must be in writing and signed by you, in the presence of at least two non-beneficiary adult witnesses, to minimize the risk [...]
Key Takeaways So yes, you can create a legally valid will in Arizona without an attorney, but you do need to follow the state’s requirements for writing, signing, and witnessing. Your will must be in writing and signed by you, in the presence of at least two non-beneficiary adult witnesses, to minimize the risk [...]
Key Takeaways You can legally revoke your will in Arizona by creating a new will, performing a revocatory act like destroying the original document, or through certain life events that trigger revocation by operation of law. If you intend to revoke a will, be sure you do it in a way that’s unambiguous and [...]
Key Takeaways You should update your will after major life events such as marriage, divorce, or the addition of new family members to ensure your intentions remain clear and current. Review your finances–asset values, new assets, etc.–so that your will reflects your current situation and your current wishes. Be aware of Arizona legal requirements [...]