
What Happens After the Beneficiary’s Death?
If the Trust is Self-Funded
Any remaining money in the trust can be retained by the Trust for the benefit of other indigent disabled persons; allocated by percentage to the Trust and to the State Medicaid Agency; or allocated to the Trust after full repayment to the State Medicaid Agency.
If the Trust is a Third-Party Funded TrustAny remaining money in the trust can be designated to the Trust for the benefit of other indigent disabled persons; allocated, all or part, to a charity of the Grantor’s choosing; allocated, all or part, to other Beneficiaries of the Grantor’s choice.
Is there a Minimum Deposit?
The minimum deposit required is $10,000 in cash. Future deposits of any amount can be made at anytime. Funding can also be done through an estate plan or through life insurance at the third-party trust creator’s death.
What are the Fees?
Initial Joinder Fee - $2,000
Annual Renewal Fee of $300 per year.
Case Management Fee - $125 per hour.
Per Check Writing Fee - $12.50 per check billed quarterly by the program's current sub-contractor Guardian & Conservator Services, LLC and paid from the Trust Beneficiaries account.
Annual Financial Report - $175 per year
All out-of-pocket expenses are paid from the Trust Beneficiaries account (postage, long distance, etc.) and are billed on a quarterly basis by the sub-contractor Guardian & Conservator Services, LLC.
phone - 801-281-1100