If you have a loved one with a disability who receives Medicaid or Supplemental Security Income (SSI), you may have heard the term special needs trust. But what exactly is a special needs trust, and why might an Alabama family need one? A special needs trust is a financial planning tool that can allow a person…
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AFT Blog
When Funds Run Out, Compassion Continues: The Role of Alabama Family Trust’s Charitable Trust
One of the greatest fears families face when planning for long-term care or special needs is a simple question: What happens when the money is gone? At Alabama Family Trust, the answer is rooted in compassion, stewardship, and community. According to AFT board member Jimmy Walsh, the Charitable Trust exists to ensure individuals are not left…
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AFT announces changes to Board of Trustees
Alabama Family Trust has made changes to its board of directors as it mourns the passing of its former board chairman. Clayton Davis, a respected attorney who was President of the AFT Board of Directors, passed away Oct. 14, 2023. He has served on AFT’s board since 2011. “Clayton did so much over the years…
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AFT Board Chairman Clayton Davis passes away
Clayton Keith Davis (68) passed away at his home in Ozark, AL on October 14, 2023. He was born February 23, 1955 in Birmingham, AL to Delores Thrasher Davis (d. 2018) and is survived by his Father, Billy Keith Davis (94), his sister, Dr. Ruth Yvonne Davis, and younger brother, Lyle Thrasher Davis, (and Lyle’s…
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Updated fillable trust forms available at AFT website
Alabama Family Trust is pleased to work with attorneys as you help clients establish special needs trusts. Toward that end, we have updated all the forms you need to create a first-party, third-party revocable or third-party irrevocable trust. The forms are available on our website under the Documents tab here. We also have a checklist to…
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AFT adds low-risk investment option for clients with conservative financial goals
Alabama Family Trust offers for your consideration a new investment option that may be appropriate for your clients with conservative financial goals. As its name implies, the Capital Preservation Allocation is a low-risk investment option from Waverly Advisors designed to provide peace of mind to investors who are uneasy about fluctuating interest rates and the…
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Alabama Family Trust announces leadership changes
Alabama Family Trust announced leadership changes, including naming Lesley Byars its Executive Director. Alabama Family Trust is a nonprofit organization created by the Alabama Legislature to manage Special or Supplemental Needs Trusts of all sizes. Based in Birmingham, AFT helps families hold funds in trust so they can provide for their senior or disabled family…
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Insights from a Special Needs Trust Representative
Dana Zimbleman of Colorado used a special needs trust through Alabama Family Trust to care for her mother, Iva Posey, here in Alabama. Dana has graciously provided Alabama Family Trust with the following summary of her experience to share with others who have elderly loved ones. The Long Yet Fast Decline in Health (also known as…
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Start at the End – Pre-need Funeral Plans
Start at the End When reading a book, you don’t usually read the last page first. However, a representative should take care of that last page as soon as a special needs trust is established for an elderly loved one (a life beneficiary). Why? Because by law, a special needs trust is frozen as soon…
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Supporting Older Americans Act of 2020 Impacts People with Younger-Onset Alzheimers
The Alzheimer’s Association released this post about the Supporting Older Americans Act of 2020 and the key provisions that impact those with younger-onset Alzheimer’s disease. https://www.alz.org/news/2020/the-supporting-older-americans-act-of-2020-signed