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 Trust

Any 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