Ken is fascinated by the history of Pearl Harbor and WWII. While Ken worked and wanted to save money, it was not possible to save more than $2000 due to the resource cap for individuals receiving SSI and Medicaid. Ken established a Special Needs Trust with The Arc and in just over three years Ken saved enough more than enough funds to take a vacation.
In 2015 his dream came true with a trip to Hawaii where he visited Pearl Harbor Memorial, explored battleships, surfed and snorkeled, attended a Luau and tried new foods.
The Arc Trust accounts help individuals live their dreams and save funds for house, vacations, vehicles entertainment and other extras to enhance their quality of life.
An often asked question, how can I provide funds to my family member or friend with a disability? The answer is a third party trust. Steve’s family established a trust for him about ten years ago and it was funded on the death of his father. Steve now has a secure future and can enjoy travel, new clothes, entertainment and much more. The trust provided peace of mind for the family knowing Steve did not just have to depend on government benefits and protected his government benefits.
Third party trusts provide remainder funds in a trust can be inherited by other family members and/or given to favorite charities. In this case Steve’s remainder trust funds will go to The Arc of New Mexico, leaving a legacy in his family’s name.
Call the trust office 505.883.4630 or visit The Arc website www.arcm.org to learn more about Trusts for your loved one with a disability and supporting The Arc of New Mexico in your will and trust.