Key Takeaways Special needs trusts are the cornerstone of eligibility protection for means-tested federal government benefits such as SSI and Medicaid. Most importantly, they enable beneficiaries to get more support than what covers their basic needs. Getting the legal details right is essential to not put government assistance at risk. Proper special needs trust [...]
Key Takeaways Start special needs trust planning right after a disability is diagnosed. This step taken in advance ensures that their hard-earned eligibility for critical government benefits such as Medicaid and SSI are preserved. Early and proactive planning allows families to address financial needs, avoid costly mistakes, and secure long-term stability for the beneficiary. [...]
Key Takeaways First-party special needs trusts are funded with the beneficiary’s resources, such as personal injury settlements or inheritances. Third-party trusts are funded by family members or other benefactors. Whether to use a first-party or third-party trust. It is an essential tool for maintaining eligibility for important government benefits, such as Medicaid and Supplemental [...]
Key Takeaways Special needs trusts (SNTs) help Arizona families protect eligibility for benefits like AHCCCS and SSI while providing financial security for loved ones with disabilities. Properly structured SNTs add to the benefits families can receive from government sources. They provide for important areas of life, including health, home, and personal support, that the [...]