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.