Selecting a trustee for a special needs trust in Arizona requires someone responsible, financially savvy, and well-versed in the guidelines of the trust. It can be a family member, a trusted friend, a professional fiduciary, or even a bank with trust services. The right decision depends on the needs of the person with disabilities, [...]
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 [...]
Key Takeaways Estate recovery in Arizona is a process where the state recoups Medicaid costs from a deceased person's estate, impacting assets such as real estate and personal property. Knowing this is key to proper estate planning. Wills determine how property is distributed upon death. Unlike other types of assets, they must go through [...]