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Pooled Special Needs Trust: An Affordable Option

2024-10-146 min read
Pooled special needs trusts offer an affordable alternative to individual trusts. Pioneer Credit Solution helps families explore options. ## What Is a Pooled Trust? A pooled trust combines assets from multiple beneficiaries, managed by a nonprofit organization. Each beneficiary has a separate account. ## Benefits of Pooled Trusts ### Lower Costs No need to pay for individual trust drafting. Joining fees are typically much lower. ### Professional Management Nonprofit organizations handle investments and administration. ### No Age Limit Unlike first-party SNTs, can be established for beneficiaries over 65. ### Smaller Amounts Ideal when you don't have enough for a standalone trust. ## How Pooled Trusts Work ### Master Trust The nonprofit maintains the master trust document. ### Individual Accounts Your funds go into a sub-account for your beneficiary. ### Investment Pooling Assets are invested together for better returns. ## Payback Rules At death, nonprofit keeps remaining funds or pays back Medicaid, depending on trust type and state rules. ## Finding a Pooled Trust Pioneer Credit Solution can connect you with reputable pooled trust organizations. Call 1-888-271-2293.

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