Special Needs Trusts

Tucson Special Needs Trust Attorney

Giving Clients Options to Care for Their Loved Ones

If you have a family member with special needs, you are probably concerned with providing a comfortable life for them after you pass on. These individuals deserve to be taken care of and enjoy the lifestyle they wish, even if you aren’t around to take care of them. However, you may also worry that leaving extra funding for your special needs family member will jeopardize their government benefits.

The good news is that a special needs trust can provide a disabled individual with access to the funds they need without risking their public benefits, such as supplemental security income, Medicaid benefits, and more. While special needs trusts come with many benefits,  these trusts can be complicated to set up and require a good deal of legal skill. With so much at stake, you don’t want your trust in the hands of a less-experienced legal team.

At Doug Newborn Law Firm, PLLC, we understand how important it is to know that a disabled person is well cared for after your death. We promise to dedicate our time and energy to preparing legal documents that will accommodate your family’s unique needs. We’ll explain your options and help you distribute your assets in a way that meets your needs and goals. Call our law firm immediately to schedule your free estate planning consultation at 520-355-1161.

How Do Trusts Work?

Trusts are unique estate planning documents that allocate the person’s resources while maximizing tax benefits. When a trust is created, the grantor funds it with the assets they choose. The trust is then considered the asset’s owner, freeing the individual from the risk of predators or unnecessary taxation. The trust funds are managed by a trustee, who should act with a high level of loyalty to the family.

There are many different types of trusts, including:

  • Irrevocable trusts
  • Revocable trusts
  • Living trusts
  • Charitable trusts
  • Special needs trust

Our law firm can give your family the answers and hope they need for the future. Call today to establish an estate plan that provides the future your disabled family member deserves.

What Are the Unique Benefits of a Special Needs Trust?

Special needs trusts offer many advantages to families with disabled individuals. They help guarantee that the person can enjoy the quality of life they deserve without sacrificing their public benefits. These trusts also offer some financial advantages to the grantor, such as asset protection and control over how the assets are distributed.

Some benefits that come with a special needs trust include:

  • Ability to can leave an inheritance that is disbursed at a rate you choose for your disabled relative
  • Funds you leave do not affect the disabled individual’s government benefits
  • Asset protection from creditors or predators
  • Great flexibility in disbursing funds and assets to other beneficiaries

Whether you are seeking to leave a life of wealth and comfort for your aging parents, a child on government assistance, or another disabled individual, you might want to learn more about special needs trusts. Call our Arizona law firm for answers, support, and hope regarding this critical matter.

How Can Your Legal Counsel Help with My Estate Planning Needs?

Planning for your own death may not seem like a very appealing task. However, if you are a guardian for an individual with disabilities, taking the time to prepare now can make a world of difference when you pass away. Our legal team is ready to stand by your side as you create an estate plan that provides a legacy of goodness for your loved ones, including for someone with special needs.

Some benefits you’ll get when you hire a special needs trust lawyer like Attorney Doug Newborn include:

  • Determining whether you and your loved one qualify for a special needs trust
  • Maintaining privacy as the trust helps your surviving loved ones avoid the Arizona probate process
  • Helping your special needs family member keep eligibility for government, Medicaid, and other benefits
  • Serving as a special needs trustee
  • Personalized advice for your unique circumstances based on our years of experience

Call now to learn more!

Should You Hire Our Tucson Special Needs Trust Attorney?

If you are ready to take the next step in preparing a better life for your loved one with disabilities, please get in touch with Attorney Doug Newborn. Our law firm is ready to answer your questions in terms that are easy to understand. We’ll explore your options based on your situation and help determine the proper documents to include in your estate plan.

Our legal team is led by compassionate, fearless attorney and veteran Doug Newborn. We have the knowledge and skill necessary to protect your wealth and ensure your disabled loved ones have the income they need to live a secure, fulfilling life. We’ll support you as you search for solutions to your unique problems and represent you with skill should the need arise.

We are also ready to help you administer the estate or trust of your deceased loved ones. Call our caring, capable legal team today by dialing 520-355-1161.