Settlement Trusts

Eastern Point Trust Company offers seven unique settlement trust types through a specially designed trust account—utilizing patented trust technology and proprietary design features—which protects a settlement award while providing the Beneficiary with:

  • Unmatched flexibility to access funds
  • Asset and privacy protection
  • Institutional quality investment management
  • Fees lower than traditional settlement and trust solutions
Self-Settled Special Needs Trust (SNT)

Our Self-Settled Special Needs Trust (SNT) is a first-party trust established under 42 USC 1396p(D)(4)(a). Predominantly, it is utilized by a disabled beneficiary that cannot otherwise qualify for Medicaid because they have too many assets. By using our Self-Settled Special Needs Trust (SNT), a beneficiary is able to preserve their eligibility for government benefits, such as SSI and Medicaid, while benefiting from their settlement proceeds.

Medicare Set-Aside Trust (MSA)

As part of a settlement in a workers’ compensation or personal injury liability case, a portion of the settlement may be “set aside” for medical care and held in an individual account called a Medicare Set-Aside (MSA) Account. Upon exhausting all of the funds in the MSA Account, Medicaid will begin paying bills for your injury (contingent on the funds being properly utilized and the regulations for reporting and recordkeeping observed).

Self-Settled Special Needs Trust (SNT) + Medicare Set-Aside Trust (MSA)

A Special Needs Trust (SNT) + Medicaid Set-Aside Trust (MSA) combines two robust trust types that maximizes an individual’s government benefits, Medicaid benefits, and settlement proceeds.

Custodial Trust for Minors (with Special Needs Provisions)

Designed to address the specific requirements of court monitored trust for minors, the Eastern Point Custodial Trust for Minors (with Special Needs Provisions) is fully compliant with (D)(4)(a) and preserves the government benefits of the minor.

Custodial Trust for Minors (without Special Needs Provisions)

A Custodial Trust for Minors (without Special Needs Provisions) is an account under institutional fiduciary supervision and control for the use with minor, incompetent adults, and unlocatable party to receive and hold the financial proceeds from settlement awards, decedent’s estates and trusts, or an asset sale.

Custodial Trust for Incompetent Adults (without Special Needs Provisions)

A Custodial Trust for Minors (without Special Needs Provisions) is an account under institutional fiduciary supervision and control for the use with minor, incompetent adults, and unlocatable party to receive and hold the financial proceeds from settlement awards, decedent’s estates and trusts, or an asset sale.



Key Advantages

  • Asset Protection. Avoid the claims of future (and past) creditors and ex-spouses
  • Privacy Protection. Increase privacy and improve protection against third-party claims
  • Professional Protection. A professional Trust Protector ensures that the Beneficiary is not taken advantage of or improperly influenced by third parties


Additional Benefits

  • Trust assets are readily accessible via either a Point of Sale Debit Card or a checking account (The Point of Sale Debit Card and checking account are reloaded monthly with a predetermined amount, but additional funding can be added at any time)
  • Point of Sale Debit Card may operate with, or without, custom spending restrictions (if required) to protect the Beneficiary (e.g. daily spending or cash withdrawal limits)
  • The assets may be used for any need, or want, of the Beneficiary, for as long as the use is prudent and benefits the Beneficiary
  • The Beneficiary may request that the Trust be terminated, or dissolved, at any time, simply by requesting termination through the Trust Protector. Once terminated, all of the remaining assets will be paid out of the Trust so long as the Trust Protector is certain the Beneficiary is not being coerced by a third party (such as an ex-spouse or creditor) who intends to divert the assets away from the Beneficiary
  • The Trust also protects any current government benefit(s); or future government benefit(s) that the Beneficiary may have or qualifies for in the future
  • Reduces additional stress through potential family conflicts as the Trust can act in the role of filtering unjustifiable family distribution requests
  • Family members and independent care providers can be paid to care for the Beneficiary with the trust by managing all tax reporting and DOL employment issues; thus, reducing the burden and risk associated with managing such providers
  • Simplifies tax reporting, reduces (or eliminates) AMT, and eliminates Gift/Estate Tax