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Understanding Special Needs Trust In Arizona

Friday , 21, January 2022 Comments Off on Understanding Special Needs Trust In Arizona

For families and parents with children with mental or physical illnesses that limit the ability of the child or loved ones to earn a living, their greatest fear is what will happen to their child if a parent dies and is no longer able to care for a child with special needs. Such children often receive essential assistance from the government for treatment, care, or housing.

For example, if parents leave an inheritance directly or in a trust, the existence of these funds may result in the loss of government benefits for children with special needs. Parents seek special needs trust to solve this problem. To know more information about special needs trust in Arizona, you can visit elderlawofaz.com/special-needs-planning/.

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The concept of special needs guardianship is to have a trust that can meet the limited needs of children with special needs without losing their government support. Traditional “special needs” often provide only limited services, such as holiday travel, which are not covered by the government, and often prohibit funds from being used by the Foundation for food and housing for special children.

In contrast to the focus on state welfare, a well-designed special needs trust can be a very flexible document, allowing the trust to meet almost any beneficiary's needs. Specific rules vary from country to country.

Parents want to help their special child, but the child is eligible for government programs and this can be a conflicting goal for many programs.