LEARN. PLAN. GIVE. – Trust Options

March 6, 2017 | FREE Blog, Learn. Plan. Give.

Find the trust option that’s right for you – and your loved one.

 

Third Party Pooled Trust is funded with assets put aside for a loved one with a disability by family members, guardians and others – without jeopardizing the person’s Medicaid or Social Security benefits. Sponsors can continue to fund the trust upon death via their life insurance proceeds.

 

Surplus Income Trust allows a person with excess income to deposit their monthly amount over the allowable income limit into the trust for monthly expenses, instead of paying it to Medicaid. This trust works well for older adults who receive Social Security and/or retirement benefits and need to qualify for Medicaid covered home services.

 

Individual Supplemental Needs Trust is used in those instances when a family member acts as guardian but is unable to serve as the trustee. Your attorney can draft the trust agreement to the specific needs of the beneficiary.

 

To learn more, please contact Nancy Cohen, Vice President of Development and Mission Advancement

ncohen@familyres.org  •  516.870.1612

Related Posts

“Speaking FREE” with Chris and Robert

Monday, Nov 20, 17

Robert Budd and Christopher Long (CEO and President of FREE) will be taping …

Learn More >

FREE Partners With Suffolk County Sheriff’s Offi …

Friday, Feb 03, 17

Family Residences and Essential Enterprises, Inc. (FREE) is proud to announce that they …

Learn More >

2018 Freedom Farm Shares Go On Sale

Wednesday, Feb 21, 18

Family Residences and Essential Enterprises, Inc. (FREE) supports and employs differently-abled individuals.  Our …

Learn More >

Area’s Largest Job Expo for Adults With Disabili …

Friday, Jun 23, 17

Over 300 hundred attendees filled Roosevelt Hall at Farmingdale State College for the …

Learn More >