Funded with assets that are entirely those of the beneficiary.
Designed specifically for individuals age 65 and over, a Trust III – Pooled Trust is funded with assets that are entirely those of the Beneficiary. Most often a Trust III – Pooled Trust is established when an individual age 65 or over has a disability determination and has assets that would prevent or disqualify them from receiving public benefits. A Trust III – Pooled Trust is often funded with personal assets or benefits accrual.
Through the Trust III – Pooled Trust, Beneficiaries each have a separate account, however, the accounts are pooled for investment and management purposes.
Legal Documents: Trust III – Pooled Trust (for Age 65 and Over)
Families must retain an attorney to draft the Trust documents and establish a Trust account.
Attorneys may complete our fillable PDF documents here.