Before you decide to join a trust group, you should consider several issues. While the organization will ask for the contribution and wishes of the beneficiary, it has the ultimate power to control distributions and investments. If you want to invest with higher risk, which could eventually lead to higher returns, a pooled trust may not be the best option, as companies tend to invest more prudently. Pooled trust programs must be managed by a non-profit agent whose beneficiaries must be disabled and rely heavily on public services. As a charity, Community Trust does not have a minimum account size or annual fee. Investing in a pooled trust can be a way to protect funds for people with disabilities while preserving the merits of individuals for public service programs. With careful planning, people with disabilities can benefit to a large extent from a group trust run by a non-profit organization that has experience with public utility laws, a clear sense of the disability`s goals and the ability to achieve those goals. As the name suggests, shared trust involves pooling the resources of many people with disabilities and using combined resources to gain benefits. Pooled trusts collect and merge the resources of the various trust accounts of all the beneficiaries of the trust into a single larger amount of capital available for investment. The state`s rules differ as to whether a percentage of the beneficiary`s fiduciary balance should be repaid to the state on death assistance. In some states, after the non-profit organization that manages the pooled trust receives its authorized share of the remaining funds in the recipient`s account and Medicaid is reimbursed, all remaining funds may be paid to the beneficiary`s family members or to another person designated by the pooled trust beneficiary. Two important reasons why people choose to set up a trust (1) are if the person is 65 years of age or older, a Pooled Trust is the only confidence-free option offered to them by the Medicaid and ISS programs; and (2) Individuals with relatively small assets have no other access to high-quality professional trust services. Pooled trusts have several advantages.

First, they allow a beneficiary to protect money from a transaction or other source for additional expenses, while continuing to claim government benefits. In addition, they have greater investment potential, as the organization groups the trust accounts grouped into a large pot.