Third Party

Pooled Special Needs Trust

The GCT of BDI Third Party Community Trust is an irrevocable Pooled Special Needs Trust (PSNT) that is established and funded by a family member, friend, or other interested third party, known as the Donor. The Third-Party trust helps families provide for the future needs of a loved one with a disability while preserving that person’s financial eligibility for vital means-tested government benefits.

How to

Fund a Trust?

You can fund the trust today, but you do not have to fund the trust immediately. Most trust accounts are funded through the Donor’s will, estate plan, life insurance policy, or employee benefit. Trust can also be funded during the Donor’s lifetime by a gift, bequest, or inheritance.

Unfunded accounts must pay a one-time, non-refundable enrollment fee. Monthly administrative fees begin once the account is funded. Monthly fees are deducted from the balance of the trust.

Why

Establish a Third-Party Trust?

A Pooled Special Needs Trust is an essential financial planning tool for people with disabilities who need to preserve their eligibility for means-tested government benefit programs, such as Supplemental Security Income (SSI) and/or Medicaid.

These vital 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.

Families who establish a Third Party Pooled Special Needs Trust with GCT of BDI receive personalized service from a professionally trained non-profit organization and a professional financial investment firm to manage trust investments.