What is a pooled income trust?

A pooled income trust is a type of trust that is used to manage income and assets for people with disabilities in the state of Texas. This special trust is administered by a nonprofit organization and helps people with disabilities who receive Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) to preserve their eligibility for certain public disability benefits. The trust works by “pooling” assets from a person with a disability and income from Social Security into a single trust, which is managed by the nonprofit. The nonprofit then pays the person’s monthly expenses from the trust, such as housing and medical costs. This allows the person to remain eligible for public benefits by keeping their income and assets within the limits set by the government for eligibility. Additionally, the pooled income trust can be used to help the beneficiary save money for their future needs.

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