A special needs trust is a type of trust that is specifically designed to provide financial and legal assistance to individuals with disabilities.
If you are thinking about setting up a SNT, or if you already have one, it is important to work with a lawyer who understands how trusts work. Arizona special needs trust provides a legacy for those who cannot provide for themselves.
Here are some tips for creating a SNT with a lawyer:
1. Make sure your trust is valid. A valid SNT will be registered with the state authorities and will meet all legal requirements. Your lawyer can help you make sure your trust is properly created and meets all applicable legal requirements.
2. Choose the right attorney. An attorney who understands trusts can help you select the right trust document, make sure your trust is properly funded, and navigate any legal challenges that may come up during the trust's lifetime.
3. Ensure beneficiary protections are in place. One of the key benefits of setting up a SNT is that it can protect the assets of an elderly person.
Why would you want to create a special needs trust?
A trust can help make care and finances easier for everyone involved. For example, the trust can: save your loved one money on long-term care costs; help them keep more of their income by avoiding Social Security and other government benefits.
Setting up a special needs trust can make it easier for parents to access specialized care and therapies that their child may require. If you are interested in creating a special needs trust, please contact the best attorneys in Arizona for your needs.