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 when it rains, it pours) My mother’s decline was a long, gradual process, but the critical crisis came very rapidly. For probably fifteen years beforehand, Mother had been a diabetic and had high blood pressure but did not follow her doctor’s recommendations. … [Read more...]
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 as a life beneficiary dies – not after the funeral. That means that funeral expenses can ONLY be funded through the Special Needs Trust IF the expenses are handled IN ADVANCE of the life beneficiary’s death. And funerals can cost a lot with embalming or cremation, casket or urn, burial plot and … [Read more...]
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 … [Read more...]
Parenting Your Parents
This article was first published in the May 2019 of Birmingham Parent magazine. … [Read more...]
Alabama Family Trust Turns 25
Time Flies - Let us re-introduce Alabama Family Trust. Back in 1994, the Alabama Legislature passed the statute to create Alabama Family Trust. For the past 25 years, Alabama Family Trust has been the only non-profit, pooled trust company in Alabama administering $30M+ in special needs trust assets for disabled children, adults, and seniors. Board of Trustees - Its Board of Trustees are appointed by the governor of Alabama, the presiding officer of the Alabama Senate, and the Speaker of the Alabama House of Representatives. All appointments are then confirmed by the Alabama Senate. The … [Read more...]