Becoming eligible or remaining eligible for government benefits can be a scary prospect. The Arc Master Trust can make this prospect much less scary. The resource limit for Medicaid is $1,500 and the limit for SSI is $2,000. If you have more money than this in bank accounts (CD’s, checking, savings, etc), savings bonds,…
Pooled Trusts
Future Planning – SSI and Food and Shelter Costs
In planning for the future of a loved one with a disability, it is important to know what government benefits he or she may qualify for, and what those benefits will provide. If you or a loved one is already receiving government benefits, it is important to know show they can be used. In this…
Future Planning: Using Life Insurance to Fund a Special Needs Trust
Often parents assume that they will fund a special needs trust, such as The Arc of Indiana Master Trust I, with a portion of their estate through their will. While this is certainly a good way to plan, it is not the only way to fund a special needs trust. Many parents elect to purchase…
Pooled Special Needs Trusts vs Private Special Needs Trusts
When I give presentations on The Arc Master Trust, I am frequently asked the differences and advantages of Pooled Special Needs Trusts versus private Special Needs Trusts. Pooled Special Needs Trusts (PSNT), such as The Arc Master Trust, are administered by not-for-profit organizations, while private Special Needs Trusts (SNT) are typically administered by a bank…