A Settlement Preservation Pooled Trust (SPPT) is a trust arrangement designed for vulnerable individuals and minors, aiming to safeguard and manage funds received from a settlement or court award while preserving the individual's assets.
Funds used to establish the trust must be from a settlement or court award to the Beneficiary. CCT has a minimum of $8,000 and no maximum amount needed to fund the trust. CCT accepts cash assets or structured settlement payments for deposit into the trust; no real estate and non-cash assets can be accepted. Once funded, the trust is irrevocable.
Based on the terms of the Master Trust Agreement, CCT has the discretion to decide when to approve a disbursement request unless it is required by court order. All disbursement requests are evaluated through the lens of CCT’s fiduciary duty to its Beneficiaries, and through the Health, Education, Maintenance and Support (HEMS) standard.
For more information, see our Disbursement Information Manual.
If you have any questions about the process, please don’t hesitate to call our office at 804-740-6930 or email us at info@trustcct.org. Our staff is available to answer your questions Monday through Friday from 9:00 am to 5:00 pm Eastern Standard Time.
Mailing Address:
Commonwealth Community Trust
P.O. Box 29408
Richmond, VA 23242-0408
"CCT has been a blessing to our family. CCT has provided a sense of order, organization, trust, and leadership in helping to provide and protect the well-being of my younger sister. I would recommend CCT to anyone, and I already have." — Dan, Brother and Advocate of a CCT Beneficiary
"I have had nothing but exceptional service from this company, they take their time to help with my needs and make sure I have what I need." — Dustin, Beneficiary of CCT
"With the help of CCT I was able to purchase my Dream vehicle. Emily at CCT was/is a HUGE help! It was a very smooth transaction." — Cathy, Beneficiary of CCT
"CCT made getting the wheelchair equip van we so much needed for our grandson the easiest purchase ever. Thank you CCT!!!" — Grandmother of Beneficiary Kobe
"CCT has been amazing. Very helpful with guiding us through this process." — Rhonda, Mother and Advocate of a CCT Beneficiary
"CCT has been wonderful in serving the financial needs of my grandson. They are always prompt in answering questions and suggesting how we can make something happen for him. He just turned 18 this year and we still plan on using this service." — Nancy, Grandmother and Advocate of a CCT Beneficiary
"CCT has been a blessing to our family. CCT has provided a sense of order, organization, trust, and leadership in helping to provide and protect the well-being of my younger sister. I would recommend CCT to anyone, and I already have." — Dan, Brother and Advocate of a CCT Beneficiary
"I have had nothing but exceptional service from this company, they take their time to help with my needs and make sure I have what I need." — Dustin, Beneficiary of CCT
*Disclaimer Statement: CCT is not a chartered bank or trust company, or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed or regulated by any state or federal banking authority.
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