Finance

Resident Trust Accounts

Trust Accounts can be set up so that residents can securely keep and access cash within the Home.  The Home will maintain a dedicated non-interest bearing trust account to which it will deposit money entrusted to it on behalf of the residents (maximum $5000 per resident).  The resident or Continuing Power of Attorney for Property/Guardian/Trustee may at any time request to see the account to verify resident spending.  Trust account statements are sent quarterly to the responsible party.

Residents can access their trust account during the following hours:

Monday - Friday 8:00 a.m. – 4:00 p.m.   When a deposit is made to a trust account, you will receive a written receipt for all monies received.

The trust account may be used for payment of charges such as goods and services provided, upon written authorization that specifies what the charge is for.  If pocket money is important to the resident, we suggest that the residents keep no more than $20 on their person.

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