A special needs trust (SNT), also referred to as a supplemental needs trust, is a special type of trust which, under Federal statute and New York State law, allows a trustee such as NYSARC, Inc., to manage funds for the benefit of a person with a disability while preserving that person’s eligibility for government benefits.
A special needs trust (SNT) is an essential financial planning tool for people with disabilities who need to preserve their eligibility for government benefit programs such as Supplemental Security Income (SSI) and/or Medicaid.
Government benefit programs can make dramatic improvements to a person's quality of life, while the funds in a trust can pay for life-enhancing and supplemental needs that a person’s benefits do not provide.
A SNT can be established and funded by a person with a disability for their own benefit, or by a third party such as a family member or other loved one.
NYSARC Trust Services offers a variety of trust programs to meet the unique needs of people of all ages with any type of disability as defined by the Social Security Administration (SSA), including:
FIRST Party Pooled Trusts - funded by the Beneficiary
THIRD Party Trust - funded by someone other than the Beneficiary
Do you have more questions? Check out these tips to prepare for your first meeting to establish a SNT. You can also visit our Frequently Asked Questions page to see what others have asked us!
"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."