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Did you miss our webinar training on 2/22/22? Watch the video recording to learn more.
The NYSARC Third Party Community Trust is an irrevocable 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:
Visit the Third Party Community Trust documents page for more information.
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!
"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."