They usually stem from: 1) not establishing the appropriate legal tools, 2) missing critical government benefit rules, and 3)not keeping plans current. Trusts are skipped, or the wrong trust type is picked, which can put a child’s public aid at risk. Forgetting to name the right guardians or not telling family about the plan [...]
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, [...]
Key Takeaways Special needs trusts, when properly set up under the laws of the United States, allow for this continued eligibility for critical government benefits like Medicaid and SSI. It has long offered extra financial support for people with disabilities. Knowing what questions to ask goes a long way toward ensuring financial security and [...]