In Arizona, a Special Needs Trust is a trust that parents of children with special needs such as cerebral palsy, should establish. The purpose of a special needs trust is to allow the beneficiary to use the property without losing their access and benefits. So you can call us here anytime to learn more about special needs trust.
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A person with a disability cannot inherit more than $2,000 and it will result in the loss of government benefits. The Medicaid welfare program's long-term care and nursing home benefits are particularly important.
Family contributions are an accepted part of government benefit programs. They are permitted as long as they do not double or supplement government benefits. The current government benefit programs allow the family to provide some additional income and resources for the person with a disability. But, the government regulations are extremely strict and are closely monitored for abuse.
In Arizona, Special Needs Trusts can be used to obtain an inheritance or proceeds from a personal injury settlement on behalf of a person with disabilities to enable them to apply for Medicaid benefits.
You can use a special needs trust to purchase the following:
- Uninsured eyeglasses, medical and dental expenses
- Vehicle maintenance
- Insurance (including the payment of premiums).
- Transport (including purchasing a vehicle)
- Training, competitions, or membership to a gym
- Personal care attendant/escort
- Essential dietary needs
If you are the parent of a child with special needs, it is strongly recommended that you consult an attorney about setting up a special trust.