The Full Range of Trust Services

Both Federal and New York State law permit the establishment of supplemental needs trusts (sometimes referred to as "special needs trusts" or SNTs) as a way to set aside funds to enhance the life of an individual with special needs without risking that person's benefits under various governmental programs. These trust can be either first party self-settled (established with the funds of someone with the special needs) or third party (established with the funds of someone other than the person with the special needs like a parent or sibling). These trusts can be individually establishedd or can be established by a non-profit organization as a "pooled trust."


Since 1972, NYSARC Trust Services has been a leader in the field of pooled trust management and administration. The NYSARC Unrestricted Fund is a pooled third party trust and the three Community Trusts are first party pooled trusts. In order to support Guardianship Services and to assist in supporting individuals with disabilities, NYSARC established the Exempt Fund, which is a beneficiary of the Unrestricted Fund and is also authorized to accept charitable gifts and bequests. Finally, NYSARC is able to administer and manage individual first and third party SNTs where there is no available fiduciary.

NYSARC Trusts Comparison Chart


 Who it benefits Type of Trust Opening Deposit Enrollment Administrative Fees Disposition or Remainder at Death

Unrestricted Fund

 Individual with Intellectual or Developmental Disability
 3rd Party Pooled $25,000
 None None $25,000 to Exempt Fund, Balance as designated when established

Community Trust I

 Beneficiary with a Disability*
 1st Party Pooled
 $300 $200  0.075% Monthly
 Retained by Trust

Community Trust II

 Beneficiary with a Disability* 1st Party Pooled
 $300 $200 Sliding Scale Monthly
 Retained by Trust

Community Trust III

 Beneficiary with a Disability* 1st Party Pooled
 $250,000 None .05% or 0.075% Monthly
 Possible Medicaid payback, depending on lien amount

Self-Settled Trust

 Any Beneficiary with a Disability
 1st Party Individual
 $25,000 $500-$1,500 .125% Monthly
 Medicaid payback; Balance, if any, as designated when established

3rd Party Trust

 Any Beneficiary with a Disability 3rd Party
 $25,000 $500-$1,500 .125% Monthly As designated when established

*As defined by Social Security Act

Contact Us:

(800)735-8924
info@nysarctrustservices.org



Testimonials

“I have been impressed with the courtesy and professionalism of everyone at NYSARC. All have been helpful and polite as well. Thank you for the good service.”