Special needs trusts are used to create funds for people to help make sure they have the financial means they need. Special needs trusts are often created for minors to help ensure the money is used wisely. They can be used for adult children or seniors who have special needs or for loved ones who have extensive medical bills. Like the name suggests, special needs trusts are used to make sure loved ones’ special needs are provided for.

At M. Kaplan and Associates, Ltd., we have over 40 years of experience working with individuals throughout Arizona to help ensure their loved ones have the financial support they need. Our Phoenix special needs trust attorney can help ensure a special needs trust provides the necessary financial assistance without interfering with support through Medicaid or other programs.

If your loved one receives support from Medicaid or another need-based program, it is important to make sure a trust does not interfere with his or her eligibility for support. Medicaid provides financial support for the basics — food, housing, medical treatment — but a special needs trust can help ensure their extra needs are met.

A special needs trust can be used for additional medical or dental work, teeth implants, or a nicer or private room in a nursing home or hospital. Because trusts are often created with general needs in mind, if the money is not needed, it goes back to the person who provided it. Special needs trusts provide a financial safety net if it is needed, but the money is not wasted if it is not used.