What is a Pooled Trust:
As the name suggests, a pooled trust contains the assets of multiple individuals. The assets are pooled together for administration purposes, but segregated into a sub-account for the exclusive benefit of the disabled individual. This arrangement is similar to a bank; the bank pools all deposits together, but each customer maintains a separate account.
 
The primary benefit of this type of account is that it allows an Individual to keep their settlement or inheritance and maintain Medicaid and/or Social Security Benefits.
 

What Makes Blue Grass Senior Assist Pooled Trust Different: We pride ourselves on being available to families and building personalized strategies.  We always try to give a family options so they can make the best choice possible. Our fees are clear and simple.  We do not nickel and dime for every little transaction request.  Regardless of size we serve families the same.
 
The Basics of a Pooled Trust:

  • A pooled trust is a special purpose trust created under federal law. The law requires that the trust be established in accordance with strict rules. Below are the key components of a properly drafted pooled trust.

  • The pooled trust is established and maintained by a non-profit association.

  • Each individual has a separate account, known as a sub-account, but all assets are pooled together for investment and management purposes in accordance with the terms of a master trust.

  • Each sub-account can be used only for the benefit of the disabled individual.

  • A sub-account may be created by the disabled individual, a parent, grandparent, or guardian or by a court.

 
Benefits of a Pooled Trust:

  • Allows an individual to keep their settlement or inheritance and maintain Medicaid and/or Social Security Benefits

  • Families remain in control of their money

  • Can greatly speed up the timing to qualify for Medicaid

  • Gives a family the choice of how and when they spend their money

  • Can save a family a large majority of their assets instead of spending it on care

For more information, please contact us at

859.270.6477     info@bgseniorassist.org

A Kentucky Not for Profit Organization

For more information, please contact us at

859.270.6477     info@bgseniorassist.org

A Kentucky Not for Profit Organization