What is a pooled trust?

A pooled trust is a special type of trust used by people with disabilities who need help managing their finances. It typically allows someone with a disability to collect funds from themselves, family, or friends, and pool that money in a trust, which is then managed by a nonprofit organization. In New Hampshire, these trusts are regulated by Disability Planning Law. Pooled trusts are commonly used to help keep someone with a disability eligible for government benefits. Under the law, the money collected in a pooled trust cannot be used for any purpose other than the care and support of the person with the disability. This includes food, clothing, shelter, medical care, recreational activities, and anything else that is needed to improve the quality of life for the person with the disability. The nonprofit organization that manages the trust may also provide extra services such as investment advice, asset protection, and estate planning. In addition, the organization typically works closely with government agencies and other benefits programs to ensure the individual with a disability is receiving the full benefit of their available services. Pooled trusts can be a great way for people with disabilities to gain control over their finances and ensure their needs are met. They provide a helpful way to manage money, while protecting the individual with a disability from making decisions that could affect their government benefits.

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What is a pooled trust?

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