If a loved one of yours is disabled, you understand the value of having government aid programmes. Arizona requires that the dependent have extremely low financial resources in order to qualify for these programmes. Your dependent can lose their right to receive government help if you leave them an inheritance.
How can you care for family members without requesting government help? To protect your loved ones, look for a solid special needs trust. The supplemental needs trust in Arizona guards against the improper handling or misappropriation of trust funds.
With the use of this special Arizona legal document, you can meet your dependent's additional requirements without jeopardizing his or her eligibility for benefits like social security and medicaid.
All of the money you set aside in a specific trust to support dependents with disabilities after your death. They are the only beneficiaries of this trust. Your dependent can still receive government support because the money is administered by a third-party trustee and not retained in your name.
Although there are restrictions on the number of trust funds that can be utilized concurrently, the majority of trusts will pay for extra costs including amusement, travel, education, cable TV, and entertainment. Along with medical bills, your dependent can receive clothing, care services, and home health care.
Any assets that are covered by a title, deed, or title must be kept out of your dependent's reach. By doing this, you'll be able to guarantee that your dependents who have disabilities lead happy, satisfying lives.