Community Trust III is similar to the other community trusts in that it is primarily for individuals who receive government benefits, such as SSI and/or Medicaid. Accounts may be established with a lump sum of funds or structured settlement.
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The minimum initial deposit is $250,000. This trust allows for a potential remainder beneficiary after State(s) payback. The distribution of funds remaining upon death of the individual is dependent on the size of the account and the existing Medicaid lien. Please refer to the trust document for more details.
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 golden standard by which all agencies should be measured.
The quality of service offered by NYSARC Trust Services is unparalleled.