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Do you have resources (assets) of $250,000 or more that you need to protect in order to maintain eligibility for Medicaid and/or Supplemental Security Income (SSI) benefits? Such as proceeds from a settlement or the sale of a home?
Community Trust III is a pooled supplemental needs trust (SNT) that is funded with excess resources (assets) in the form of a lump sum or structured payments. The minimum initial deposit is $250,000.
This trust allows for a potential remainder beneficiary after State(s) payback. The distribution of funds remaining upon the death of the individual is dependent on the size of the account and the existing Medicaid lien.
For more information, please call (518) 439-8323 or use the contact form to request the trust documents.
Does your settlement include a Medicare Set-Aside account (MSA)? We can help with that, too! Learn more >>
Individual SNTs can be costly to set up and maintain. A pooled trust is an affordable alternative that offers greater investment power and lower set up and monthly fees because everyone's funds are pooled into one account.
You may consider choosing a NYSARC pooled trust when:
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.