Special Needs Trusts Category

Important Milestones from 2014

Tuesday, February 10th, 2015

2014 was an exceptional year for Commonwealth Community Trust (CCT). We are pleased to share the following:

  • The growth of new clients continued with 1,121 beneficiaries served.
  • Funded trusts under management increased to $38 Million. Note: The majority of Third-Party Special Needs Trusts are part of the Grantors’ estate plans and are not yet funded.
  • The national growth of the organization continued as evidenced by participants in 30 states.
  • Since the inception of our Charitable Fund Award program, more than $173,000 has been awarded in grants to individuals with disabilities who demonstrate financial need.

To read CCT’s 2014 Year in Review, click here.

CCT is committed to fulfilling our mission of providing people with disabilities and their families a convenient, cost-effective framework for the administration of both third-party and self-funded pooled Special Needs Trusts that supplement Supplemental Security Income (SSI) and Medicaid.   We strive to educate families, people with disabilities, and professionals about the benefits of special needs trusts.

Our top priorities continue to be working closely with clients and professionals in setting up special needs trusts along with providing responsive trust administration services for our Beneficiaries and their Advocates.

Sincerely,
Joanne Marcus, MSW
Executive Director
Commonwealth Community Trust

Did you know that a special needs trust can pay for…Prepaid Burial Expenses?

Saturday, November 15th, 2014

Once a special needs trust has been established, funds from the trust can be used in a number of ways.  Keep in mind that the trust must always be used for the sole benefit of the Beneficiary.  Today, we draw attention to using the trust to pay for prepaid burial expenses for the Beneficiary.   Thinking ahead can help the Beneficiary and/or Advocates make informed and thoughtful decisions about funeral arrangements.  The Federal Trade Commission (FTC) website provides helpful information on consumer rights regarding funeral rules. To learn more, click here.

CCT Article featured on the Special Needs Alliance Blog

Tuesday, October 28th, 2014

Future planning for a loved one with a disability can be overwhelming.  Taking the time to make a future needs plan now is important to prepare for the what-ifs when you are no longer here.  Learn more about about how to prepare a future needs assessment by reading a recent post on the Special Needs Alliance blog authored by Joanne Marcus, MSW, Executive Director of CCT.

https://www.specialneedsalliance.org/how-to-assess-future-life-needs-for-a-loved-one-with-a-disability/

For more information about establishing a special needs trust for your loved one, call CCT at 1-888-241-6039, contact us via email (info@trustCCT.org) or visit our website, www.trustCCT.org.

CCT Celebrates an Important Milestone!

Thursday, March 20th, 2014

At the end of 2013, CCT reached an important milestone of having served over 1000 participants since inception.  We are proud of our growth and the work that we do.  We recognize that our success comes in large part from the recommendations that we receive from attorneys, agencies and nonprofit organizations that serve the special needs community along with families and Beneficiaries who use our trust administration services.  For this, we say “Thank You.”   You can read more in our 2013 Year In Review available here.  To learn more about CCT, please contact us.

Commonwealth Community Trust Launches New Website & Blog!

Thursday, November 7th, 2013

CCT is excited to launch our new website as well as introduce our new blog.  In keeping with our mission to educate individuals with disabilities and their families on the benefits of future planning and special needs trusts, we have designed our website to be easy-to-use and full of relevant and important information about the pooled special needs trusts that we offer.   Our blog will feature topics and articles that we think will be beneficial to individuals with disabilities as well as their family members and caregivers.  We welcome returning and new visitors to our website and encourage anyone with questions to contact us via email (info@trustCCT.0rg) or by calling us at (804) 740-6930 or (888) 241-6039. Our office hours are Monday thru Friday, 9am – 5pm EST.