Third Party Special Needs Trust
NYSARC Trust Unrestricted Fund
The NYSARC Trust (Unrestricted Fund) is a third-party supplemental needs trust (SNT) funded by a parent, grandparent or other interested party who would like to provide assets to a loved one with an intellectual and/or developmental disability.
If your child receives services through Supplemental Security Income (SSI) and/or Medicaid or may need benefits in the future, saving money can be a challenge because of the resource limits for those programs. Receiving even a small inheritance from someone could put your child over the limit and jeopardize his or her eligibility for services.
When planning for the future of a loved one with a disability, a special needs trust (SNT) can play a critical role in your child’s financial future while helping to provide the best quality of life possible.
MINIMUM DEPOSIT:
$25,000
MONTHLY COST*:
Fiduciary management fee charged at the monthly rate of 0.0625% based on the balance at the end of the month
No administrative fees during lifetime of beneficiary
DISTRIBUTION OF FUNDS AT DEATH:
First $25,000 transfers to Exempt Fund at death
Remaining balance distributed according to trust document
