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.
|Approx. Monthly Cost*: