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PLEASE NOTE: The funding procedure for new accounts has changed. New accounts can now fund a trust by mailing a check directly to the bank or by a one-time electronic deposit. See instructions.
Are you, or a loved one, entitled to receive settlement proceeds from a personal injury, medical malpractice or other lawsuit that would jeopardize your eligibility for means-tested government benefits such as Medicaid and/or SSI?
NYSARC's Community Trust I and Community Trust III programs qualify as pooled supplemental needs trusts that allow people with disabilities to deposit proceeds from a lawsuit, as a lump sum payment or structured settlement, so that those funds are disregarded for benefit eligibility purposes.
This allows people with disabilities to safeguard the essential benefits that support their daily living needs while the settlement proceeds deposited into the trust can pay for uncovered medical expenses and purchase life-enhancing items and services not covered by Medicaid and/or SSI.
Benefits of a NYSARC Pooled Trust?
Establishing an SNT on your own can be costly to set up and maintain. With a pooled SNT, you get all of the benefits of working with a professional trustee with extensive fiduciary and wealth management experience and the cost savings and efficiency of a pooled trust. You may consider a pooled trust when:
Are you an attorney assisting a client with a disability who needs to protect settlement proceeds? Download this brochure for more information.
Does your settlement include a Medicare Set Aside (MSA) Account? We can help with that too! Learn more >>
"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 gold standard by which all agencies should be measured."
"The quality of service offered by NYSARC Trust Services is unparalleled."
"With a NYSARC trust we know she will always be cared for."
"You enable seniors to live their remaining lives with dignity. The work you do is appreciated more than you know."
"Your organization is a magnificent group of people dedicated to providing the elderly and disabled with a life of dignity."