Community Fund Management Foundation Trusts

Disclaimer

Trusts

Master Trust

A discretionary, third-party trust, the Master Trust is often established by a parent to leave assets to a child with a disability (known as the Beneficiary) and is used in conjunction with an overall estate or future planning strategy. Funds in a Master Trust account are not owned by the Beneficiary, but come from sources such as an inheritance, will, life insurance policy, or gift and are deposited directly into the trust account to be used to pay for the Beneficiary’s supplemental services. Even though it is often done by a parent(s), anyone (relative, friend, or stranger) can create a Master Trust for the benefit of a person with a disability.

Pooled Medicaid Payback Trust

This trust account allows an individual with a disability (known as the Beneficiary) to set aside his or her own money to use for supplemental services and helps safeguard his or her eligibility for government benefits. Examples of funding sources include an inheritance, gift, personal injury settlement, back payments from Social Security, or even lottery winnings. The initial deposit must be $5,000 or more.

Roll-in Pooled Medicaid Payback Trust

This trust account is the same as the Pooled Medicaid Payback Trust except that the initial deposit can be less that $5,000. The trust account allows an individual with a disability to gradually save small amounts of his or her own money in the trust account and safeguard their eligibility for means-tested government benefits.

Roll-in Trust

“This (CFMF Roll-in) is the only option I am aware of that allows a person with a disability to set aside some money for their retirement.”

(Zwyer, David A. Estate and Future Planning for Ohioans with Disabilities and Their Families. Columbus: Ohio Developmental Disabilities Council, February 2004.)

Supplemental Services

Supplemental services are those items or services that will not be paid for by insurance or a government program, but supplement and can enhance the quality of life (dignity, joy, or optimism) of an individual with a disability. Examples include

Telephone
Cable TV
Computer
Internet service
Magazine subscriptions
Vacations, including the cost incurred by a companion
Experimental or elective surgery
Advocacy, including attorney fees
Items such as special therapies or adaptive equipment denied by private insurance, Medicare, Medicaid and other government programs

Need to Know More?

Trust Account Comparison Table (including fees)	Click here for more information.
More Legal Details	Click here for more information.
Requesting Distributions from a Trust Account	Click here for more information.