CPT Special Needs Trusts

ANY AGE, ANY SIZE, ANNUITIES & MSA'S WELCOME

Why you were referred to us

CPT brings peace of mind to beneficiaries and their families through a pooled special needs trust program to protect eligibility for public benefits such as traditional Medicaid (MediCal) and Supplemental Security Income (SSI).

You may be receiving a settlement or have existing assets you need to protect. Special Needs Trusts are designed to supplement, not replace, the basic support that Supplemental Security Income (SSI) and Medicaid provide. Funds from the trust can be utilized to pay for comforts that otherwise could not be paid for by public assistance programs.

CPT helps you protect the eligibility requirements needed for public assistance programs while you access funds from your trust. Our staff will assist you with making purchases that are aligned with the regulations that govern Medicaid and SSI eligibility. 

We are a 501(c)(3) non-profit trustee

  • Low cost
  • No minimum funding
  • Trust setup in days
  • Online enrollment system
  • Any age may enroll
  • Structured Settlements welcome
  • Medicare Set-Asides can be held in our trust

Special Needs Trust Comparison

On request we will come to your firm or go to client to facilitate signing.

CPT Pooled Special Needs Trust

Individual Special Needs Trust

42 U.S.C. 1396p § (d)(4)(C) Trusts

42 U.S.C. 1396p § (d)(4)(A) Trusts

Trustee is non-profit

Low cost of administration

Trustee may be

Corporate Trustee, Individual or Fiduciary

State Specific Master Trust

Trust setup in days

Trust beneficiary joins existing master trust

Separate trusts are drafted

Setup $1,500 to $3,000

$1,500 lump sum

$2,000 with annuity

$3,000 with annuity and MSA

Setup costs & time vary

Annual Administration Fees

$1,200 to $1,800 negotiable fee on larger cases, maximum of 1%

Varies by corporate trustee or fiduciary

Any age

Only option for trust beneficiary over age 65

Must be under age 65

Single funding after age 65

Trust beneficiary can have multiple PSNT accounts if additional funds need to be placed in trust

No additional funds allowed after age 65

The individual or parent, grandparent, guardian or the court may establish

Trust beneficiary with capacity can join trust directly

Parent, grandparent, guardian or the court may establish

Remainder Interest

Non-profit trustee must have a remainder interest in trust

CPT retains 5%  (remainder interest is negotiable)

State lien is paid and remainder passes to beneficiaries

Does not apply, state lien is paid and remainder passes to beneficiaries.

*Cases that involve a minor or an individual who lacks capacity require probate court approval, additional costs may apply such as bonding, court accountings and higher annual administration costs.

Four step setup

Submit: Documents emailed in days.
Counsel: Review, sign and notarize documents.
Fund: Instructions provided once signed trust documents on file.
Notify: State agency notification letter provided.