Pooled Special Needs Trusts

Nationwide Pooled Trust Services for Special Needs

Improving Lives of Individuals with Special Needs Nationwide

The Legacy Enhancement pooled special needs trust was created to manage funds for supplemental needs and assist in enriching the quality of life of our clients. Designed for individuals who have a disability or special needs and who have received money from a divorce, legal settlement, or inheritance, the pooled special needs trust can provide you and your loved ones with lasting security and ongoing support.

At Legacy Enhancement, our goal is to ease the burden of financial management and help our clients retain the governmental assistance they need.

Contact Legacy Enhancement at (888) 988-5503 for a free consultation and learn how our trust services can help you.

What You Need to Know About Pooled Special Needs Trusts

Pooled special needs trusts, unlike other types of trusts, are managed by non-profit organizations, rather than a single trustee. With pooled trusts, each beneficiary has a separate established account. These accounts are pooled together for the purpose of trust management and investment. In self-settled trusts, otherwise known as (d)(4)(C) pooled trusts, the individuals with the disability/special needs, parent, guardian, grandparent, or a court establishes each subaccount. In such cases, the assets of the disabled or special needs person fund the trust.

There are many advantages to utilizing a pooled special needs trust, whether you are funding it with hundreds of thousands of dollars or a more limited amount.

Why Choose Legacy Enhancement for Your Pooled Trust Needs?

Knowledgeable about various income and asset-related agency rules
Capable of working with Medicaid and SSI on your behalf
Attentive to the unique needs of disabled individuals and their caregivers
Dedicated to easing the financial responsibility for beneficiaries and their loved ones

Benefits of Choosing a Pooled Trust for Special Needs

A pooled special needs trust offers distinct advantages for individuals with disabilities. Pooling resources from multiple beneficiaries, it provides professional management and investment expertise, ensuring optimal growth of assets. With lower fees compared to individual trusts, it maximizes funds available for the beneficiary's needs. Administrative tasks, such as record-keeping and tax filings, are efficiently handled by the trust, relieving families of these responsibilities.

Additionally, the pooled structure fosters a sense of community, allowing beneficiaries to share experiences. Overall, a pooled special needs trust offers financial security, cost-effectiveness, and a supportive network for individuals with special needs.

Choose Legacy Enhancement for Your Trust Needs

At Legacy Enhancement, we are proud to offer the same expert level of pooled special needs trust administration normally found at much larger banks and trust companies. Our lower costs for establishing and maintaining trusts make us an attractive option for beneficiaries and their caretakers.

Frequently Asked Questions

How are beneficiaries selected for a pooled special needs trust?

Beneficiaries are typically selected based on a variety of factors, including their specific needs, financial circumstances, and compatibility with the trust's investment strategy. The trust's governing documents will outline the specific criteria for beneficiary selection.

Can I contribute to a pooled special needs trust after it's established?

Yes, many pooled special needs trusts allow for additional contributions after the initial funding. However, the specific rules regarding additional contributions can vary depending on the trust's governing documents and state laws.

How often are beneficiaries' needs reassessed?

The frequency of needs assessments can vary, but it's typically done on an annual basis. This reassessment helps ensure that the trust is providing the appropriate level of support to each beneficiary.

Can a pooled special needs trust be used to pay for long-term care?

Yes, a pooled special needs trust can be used to pay for long-term care expenses, as long as it does not jeopardize the beneficiary's eligibility for government benefits.

Get Started with Legacy Enhancement Today—call us at (888) 988-5503 and learn more about pooled special needs trusts.

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Professionally managed and invested trusts
Our staff is complete with knowledgeable professionals to make sure your investment is handled wisely.
Capable of handling trusts of all sizes

Your family member or client will be cared for, no matter the size of the trust.
Ability to help maintain needs-based governmental assistance
We've got the experience you need to rest easy. We know what it takes, we'll take care of the rest.
Low trust establishment costs and maintenance fees
Since we are a non-profit, our only benefit is our clients success, meaning we are cost effective and won't break your bank.