Pooled Trust for Resources of $250K+ 

Community Trust III: funded with Excess Resources

A person who receives Medicaid and/or SSI benefits and comes into a windfall of money, such as from a personal injury lawsuit, structured settlement, or a direct inheritance from the sale of a home, could benefit from depositing those funds into a Community Trust III account.

Community Trust III is a pooled supplemental needs trust (SNT) that is in many ways a hybrid between an individual trust and a pooled trust because this program allows the potential for a portion of any remaining funds to go to other family members once any Medicaid lien is satisfied upon the passing of the trust beneficiary.

• Minimum opening deposit: $250,000 (lump sum or structured payments)
• Cost to establish: $500
• Administrative Costs: 0.6% annually*
• Investment Management: 0.75% annually
• Annual Tax and Audit Prep: $600

*Download the current fee schedule for more information.

Beneficiaries receive the benefits of a professional trustee with extensive fiduciary and wealth management experience and the cost savings and efficiency of a pooled trust.

In partnership with co-Trustee Key Private Bank, an individual investment strategy is structured within our policy to meet the beneficiary’s goals, risk tolerance, and liquidity needs as outlined in our discussions and can be adjusted throughout the lifetime of the trust to meet changes in the beneficiary’s lifestyle and needs.

Beneficiaries also receive the personalized service of a dedicated case manager who provides hands-on assistance with the day-to-day management of the funds and specializes in working with people with disabilities and people living with a mental health diagnosis.

When to Choose a Pooled Trust for Asset Protection?

Individual SNTs can be costly to set up and maintain. A pooled trust is an affordable alternative that can maximize the funds in a trust account for life-enhancing purchases.

• Quick and inexpensive to establish and maintain
• Trust documents approved by Medicaid and Social Security Administration (SSA)
• Personalized service from a dedicated case manager
• Professional non-profit trustee with extensive knowledge of government benefit programs
• Investments managed by co-trustee Key Private Bank – a corporate fiduciary more than 190 years of experience
• Investment strategy is structured within our policy to be consistent with beneficiary’s goals
• Great option if there is not an appropriate person to serve as trustee

Community Trust III Documents:

• Pooled Trust for Excess Resources/Assets

• Master Trust - Community Trust III

• Joinder Agreement (Trust Application)

• Fee Schedule