Investment and Disbursement
Georgia Community Trust is a Master Trust with Separate Accounts
The funds received by the Trust are pooled and invested, however, separate accounts are maintained for the beneficiaries.
The income earned by the Trust is allocated to the beneficiaries’ accounts on a monthly basis.
Investment of Funds
Investments in money market accounts, bank obligations and U.S. Government obligations and fixed income investments.
Distribution of Funds Upon Death of the Beneficiary
When the beneficiary dies, funds remaining in the individual’s Trust account will be distributed to the person designed by the donor.
In cases where the funds transferred to the Trust were the funds of the beneficiary, at the death of the beneficiary the State must be reimbursed for medical assistance, and the remainder will be distributed to the person designated by the donor.