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Special Needs Trust – Things To Remember When Planning A Trust

If your child has special needs, you want to make sure they are properly cared for when you no longer need them. A special needs trust can ensure your child has access to the resources they need for their well-being.

Know the need

This type of trust allows a parent or caregiver to provide resources to care for their loved one with a disability. The best special needs trust in Arizona also protects government benefits such as SSI and Medicaid. However, to receive this benefit, one cannot have more than $2,000 in cash, otherwise, they will have to collect the money themselves.

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Collect all information

You will need to provide your attorney with a lot of information including, but not limited to, the beneficiary's likes, dislikes, special needs, and habits. To build trust, lawyers need a medical diagnosis of a person with a disability, a social security number, funding sources, and information about a guardian.

Hire a trusted lawyer

Preparing for a special guardianship badge can be confusing, so seek out a disability law attorney who has previously handled this type of legal process. The rules behind guardianship are complex and change frequently, so it's important to seek advice rather than try it yourself. 

One of the big questions that you and your attorney need to clarify is what to do with any resources that are left after the recipient dies. Many leave it to other people or charities.