Pooled Trust for Asset Protection

Community Trust I: Funded with Excess Resources

Community Trust I is a pooled supplemental needs trust (SNT) for people with disabilities who have excess resources in their name or who receive a sum of money that puts them over the financial limits to be eligible for means-tested government benefits, including Medicaid and/or Supplemental Security Income (SSI). 

If you need to protect resources (assets) that could put your benefits at risk, a pooled trust is a great option to avoid having to spend down funds quickly or on unnecessary things in order to maintain your eligibility for services.

A pooled trust can help a person protect funds such as:

• a direct inheritance
• settlement proceeds, lump sum or structured payments
• retroactive benefit payments
• resources accrued from Disabled Adult Child (DAC) Benefits
• other monetary gifts

How it Works?

By depositing your excess funds into a pooled trust, you can maintain benefit eligibility and use the money in your trust account to pay for items and services that your benefits do not provide, such as adaptive equipment, recreation, transportation, education, and other life-enhancing purchases.

Upon the beneficiary's death, the remaining balance in the account is retained by the trust to support other people with disabilities served by The Arc New York.

Review Community Trust I Documents and Apply

Why Choose a Pooled Trust for Asset Protection?

A pooled trust is a great low cost solution for any sum of money to maximize the value you can receive from the funds while protecting your benefit eligibility. You may consider using a NYSARC pooled trust to protect excess resources (assets) when:

• You want to maximize the value of the funds with lower fees and greater investment power
• You have a modest amount of money to protect that does not warrant an individual trust (SNT)
• There is not an appropriate person to serve as trustee of an individual SNT
• The beneficiary has complex medical needs and could benefit from a professional trustee who understands government benefits and the needs of people with disabilities
• The beneficiary is age 65 or over and can no longer establish a standalone SNT to protect assets

Would you like more information? Contact us, we are happy to help!

Does your settlement include a Medicare Set-Aside account (MSA)? We can help with that, too! Learn more >>