Helping people with disabilities protect benefit eligibility since 1972
Joinder Agreements, monthly bank statements, and other trust documents are now available for download from the NYSARC Trust Online Portal. Watch this tutorial video to learn more about all of the exciting new features in this update. To check out the new features, log in to the portal at https//www.portal.nysarctrustservices.org/login.
Helping people with disabilities protect benefit eligibility since 1972
The NYSARC Third Party Community Trust is a pooled supplemental needs trust (SNT) that is established and funded by a family member, friend, or other interested third party, known as the Donor.
The purpose of this trust is to assist families in providing for the future needs of a loved one with a disability while preserving that person’s financial eligibility for vital means-tested government benefits.
A NYSARC Third Party Community Trust can help you:
You can fund the trust today with a minimum of $10,000, but you do not have to fund the trust immediately. Most trust accounts are funded through the Donor's will, estate plan, life insurance policy, or employee benefit. The trust can also be funded during the Donor's lifetime by a gift, bequest, or inheritance.
This trust is primarily used to help protect a person's financial eligibility for Medicaid, Supplemental Security Income (SSI) and other means-tested government benefits.
The financial limits for these programs are relatively low, so receiving even a modest inheritance from someone could put them over the financial limits to qualify for these programs.
Families who establish a NYSARC Third Party Community Trust receive the benefits of working with professionally trained trustees and the cost savings and efficiency of a pooled trust.
Call (518) 439-8323 to learn more about our new Third Party Community Trust program!
