Community Trust I is a pooled supplemental needs trust for people with disabilities who receive government benefits, such as SSI and/or Medicaid, and need to protect an unexpected sum of money.
For people who need to protect resources (assets) that could put their 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 a person's eligibility for services.
A person can fund a trust with resources, such as:
By depositing those 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.
Here are some of the many benefits to choosing a pooled trust to protect excess resources (assets):
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NYSARC Trust Services representatives have always been very professional and wonderful people to work with. They are doing great work with helping people in need.
Yours is the golden standard by which all agencies should be measured.
The quality of service offered by NYSARC Trust Services is unparalleled.