How to Select a Special Needs Trust Trustee

When you are setting up a special needs trust Arizona account, there are several considerations you may need to keep in mind. One such consideration – and perhaps among the most important of all – is the selection of your trustee.

Special Needs Trust Arizona Trustee

This is the person that will administer the account in a number of ways, from managing the monies within the account to determining what expenses may be paid with the account to ensure that funds are continually added to it (or assets diverted to it) for long-term care purposes.

This person should be responsible beyond measure, as you essentially trust them with the life of your loved one. A special needs trust Arizona may not be managed by the recipient of the trust benefits, so the person managing the special needs trust Arizona account should be someone close to that person. It should be someone that will have the individual’s best interests at heart and will make the most responsible choices with the assets of the trust.

Moreover, the person you choose as a trustee should be someone you anticipate will be around for a long time. In other words, while Great Aunt Esther in her late 80s may have your or your loved one’s best interests at heart, she may not be your best choice in terms of longevity in managing the account. You should also always have a back-up in mind so that in the event that something happens to your primary trustee, you can ensure that there is someone to step into their place in terms of managing the special needs trust Arizona account.

When you choose a potential trustee, talk over the specifics of managing such an account with that person first. They may or may not want the responsibility that comes along with accepting this role in someone’s life and the last thing you want is to think you can rely on someone to be a special needs trust Arizona account trustee only to find that because they don’t want the role, they do a poor job of managing it.

Need Help?

If you are not sure as to what legal document you currently have contact one of our professionals to help you with your estate planning. They will make sure you have all of your grounds covered and have the right legal documents that best suite your wants and needs.