What is a pooled trust?
A pooled trust is a type of disability planning law in California that allows people to set aside money and/or assets to be used to pay for the care of an individual with a disability. The money and/or assets are held by a nonprofit organization and are pooled together with other assets from other persons who have established similar trusts. The trust is managed and administered by the nonprofit organization and the assets are used to pay for the care of the beneficiary. The trust can also be used to provide supplemental income and other benefits for the beneficiary. The trust is exempt from the California Department of Social Services rules, which include limits on income and assets that an individual may own in order to receive assistance from government programs such as Medi-Cal. A pooled trust can help an individual with a disability maintain their eligibility for certain services and programs that require certain limits on income and assets.
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