Pooled Trusts

Pooled Trusts, also referred to as (d)(4)(C) trusts, share similar traits with traditional Disability Trusts. Their primary goal is to preserve an individuals benefits. However, to establish a valid Pooled Trust, it must satisfy specific legal requirements.

The trust must be established and administered by a non-profit association with trust sub-accounts established for the sole benefit of the individual beneficiaries. There are no age restrictions or requirements, and a parent, grandparent, legal guardian, Court, or the individual beneficiary can create a pooled trust. The beneficiary’s account must be established with assets belonging to that individual. Pooled Trust accounts are subject to modified payback provisions. Funds remaining in the account at the death of the beneficiary may be retained by the Trust. Any funds not retained by the Trust must be used to reimburse the State.