The purpose of a pooled trust is to protect a person's eligibility for government benefits and improve the lives of people with disabilities. The funds in a pooled trust are intended to pay for life-enhancing items and services to supplement, not replace, the benefits a person is already receiving through Supplemental Security Income (SSI), Medicaid and/or other means-tested government benefits.
For people who need to protect resources (assets) that could put their benefits at risk, a pooled trust is a great option to avoid having to spend down funds quickly or on unnecessary things in order to maintain a person's eligibility for services.
A person can fund a trust with resources, such as:
Does your settlement include a Medicare Set-Aside account (MSA)? We can help with that, too! Learn more >>
Here are some of the many benefits to choosing a pooled trust to protect excess resources (assets):
To establish a pooled trust you must provide proof of a disability and complete the Joinder Agreement (trust application). You can fund the trust with excess resources or open the account with as little as $300. Here are instructions on how to enroll!
Would you like more information? Contact us, we are happy to help!
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