Note: When establishing a trust with CCT, the Fee Schedule must be signed and included with the Joinder Agreement. Click here for a printable version of the Military Survivor Benefit Plan Pooled Special Needs Trust Fee Schedule.
Commonwealth Community Trust (CCT) is a nonprofit organization whose expenses for administration are intended to be met through fees.
The Trust Company of Virginia (TCVA) has fiduciary responsibility for both managing and investing the funds.
TCVA Fees – (begin when Survivor Benefit Plan annuity payments start)
In accordance with The Disabled Military Child Protection Act: a special needs trust funded by a Survivor Benefit Plan annuity must be an irrevocable first-party special needs trust, meaning that upon the death of the Beneficiary, any funds remaining in the sub account, after payment of trust administrative fees are subject to Medicaid payback as required by law and the terms of the CCT Master Trust Agreement.
CCT and TCVA reserve the right to change the above fees.
Services are intended to be inclusive, but separate and additional charges may be imposed for special or extraordinary services. Examples are special investment management situations, court accountings, attorney fees, and case management services.
* CCT Consultation Fee and TCVA Investment and Management Fee are based on the current balance of each Beneficiary’s sub account.
Note: When establishing a trust with CCT, the Fee Schedule must be signed and included with the Joinder Agreement.