What is a pooled trust?

A pooled trust is a type of trust that is used in the state of California for disability planning law. Pooled trusts are regulated trusts set up by a nonprofit organization in order to pool resources from multiple individuals that have a disability. All funds that are put into the trust are managed by the organization and are used to provide services and care to the individuals in the trust. Pooled trusts are most commonly used in disability planning law in California as a way to provide financial protection for individuals who are under 65 years of age and have a disability. This type of trust allows individuals with disabilities to receive financial assistance without jeopardizing their eligibility for government benefits. The funds in a pooled trust can be used for the individual’s care, the payment of medical bills, and the purchase of goods and services that are necessary to the individual’s health and well-being. Pooled trusts are a great way for families to protect their loved ones with disabilities from having to spend their own money on medical expenses and other necessary needs. The pooled trust also provides a way for families to ensure that the funds are managed responsibly and used for the benefit of their loved one.

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What is a pooled trust?

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