Community Trust III

Pooled Trust for Assets >$250K+

This trust is commonly used when a person receiving Medicaid and/or SSI benefits comes into a large windfall of money, such as from a personal injury lawsuit, structured settlement, or a direct inheritance from the sale of a home.

Community Trust III is a pooled supplemental needs trust (SNT) that requires a minimum opening deposit of $250,000. Upon the death of the beneficiary, if there are enough funds left in the account to repay the beneficiary’s Medicaid lien/s, a portion of any remaining funds can go to the individuals named in the Joinder Agreement.

Review Documents

Steps to Establish

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Financial Management
Admin Cost
Approx. Monthly Cost*:
*See current fee schedule for more information.

Why choose a pooled trust?

  • Quick and inexpensive to establish and maintain
  • Great option if there is not an appropriate person to serve as trustee
  • Trust documents approved by Medicaid and Social Security Administration (SSA)
  • Personalized service from a dedicated team of representatives
  • Professional non-profit trustee with extensive knowledge of government benefit programs
  • Investments managed by co-trustee Key Bank – a corporate fiduciary with more than 190 years of wealth management experience
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Case Study

Protecting Settlement Proceeds

Allison lives independently in her own apartment and receives Medicaid for personal care services. She is receiving a lump sum settlement of $350,000 from a personal injury lawsuit. These funds could really help her in the future, but she must get them out of her name in order to keep her Medicaid benefits.

She deposits the money into a Community Trust III account to preserve her eligibility for Medicaid services and to allow her to use the funds for future expenses and life-enhancing items and services.

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PO Box 1531
Latham, NY 12110
Phone: (518) 439-8323 Fax: (518) 439-2670
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