Alabama Family Trust was created by the Alabama legislature in the mid-1990s to ease the burden of family members with a loved one with special needs or who is elderly and requiring nursing home care and were overwhelmed navigating the financial realities of care.
AFT made it possible for families to set aside assets, which are then managed on behalf of individuals who need support. This system is specifically designed to help beneficiaries qualify for government programs such as Medicaid without having to spend down all of their assets.
How does the trust work?
Families can transfer assets into the Alabama Family Trust. Once in the trust, these funds are carefully managed and can be used for a variety of expenses that government benefits like Medicaid do not cover. Beneficiaries can use their trust for necessities and quality-of-life items such as a private room in a nursing home, cable television, additional medical equipment, or even personal care services such as hair appointments.
Improving Quality of Life
The staff at AFT has seen firsthand how this trust makes a positive difference. Instead of worrying about losing eligibility for assistance or exhausting financial resources, families can focus on supporting their loved ones. The trust allows for flexibility and dignity, ensuring that each beneficiary receives support tailored to their needs, improving their comfort, happiness, and overall well-being.
The Alabama Family Trust stands as a vital resource for families across the state, offering peace of mind and tangible assistance. By bridging the gap between government benefits and actual needs, AFT empowers families to provide their loved ones with the care and quality of life they deserve.
Visit our Frequently Asked Questions here to learn more.