In 1993, Connecticut state legislature granted PLAN the authority to act as trustee of special needs trusts. We offer several different trust options depending on the beneficiary’s particular situation, and remain the only organization in the state that can administer a Special Needs Pooled Trust.
What are the Benefits of a Pooled Trust?
The PLAN Pooled Trust is the only trust in CT that can be used by an individual with a disability over age 65. It is also the only type of special needs trust that an individual can establish for themselves. The PLAN Pooled Trust allows an individual with a disability to fund a trust account with his or her own assets, retain a lifetime benefit from those assets, and still qualify for entitlements. Many Pooled Trust subscribers are depositing their excess income into the trust each month to qualify for important waiver programs.
Who should use the Pooled Trust?
A person of any age who has a disability and:
What Happens to the Money in the Pooled Trust after the Beneficiary has Passed On?
According to federal regulations, upon the beneficiary’s death, any residual funds are either left to the PLAN Charitable Trust for the benefit of other individuals with disabilities, or paid back to the states that provided services for reimbursement.