You worry about your child's future if they are disabled or handicapped. You are constantly asking questions. If we are unable to care for our child, who will? What will happen to our child's care? Are government benefits sufficient? What happens if we die? Will, our child receive adequate medical care? Who will be the guardian for our child? These questions should not be asked if you don't know the answers.
A Special Needs Trust, which is an instrument that helps children with special needs, can help you secure your child's future. A Special Needs Trust is a financial structure that combines the support from the government and the private support of the family. You can also click here now if you are looking for special needs trust. In Arizona, a Special Needs Trust is essential for anyone with a handicapped or disabled child. A Special Needs Trust is a guarantee of a child's future security.
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You can use a Special Needs Trust to combine public and private benefits for your child. If you are unable to care for your child, it is a marriage of public and private funding. In Arizona, a Special Needs Trust is a way for your child with disabilities to be eligible for government benefits such as Medicaid or Supplemental Security Income. It also allows you to use personal resources that can be used to pay for non-basic life extras like vacations, sports events, camp, travel costs, entertainment, grooming supplies, and uninsured medical and dental services.
You must designate a trustee in the trust document to manage the trust. The trustee can be a member of the family, a financial institution or advisor, a committee, or a friend. The trust documents must clearly state that funds cannot be used for basic needs such as food, clothing, or shelter.