POOLED TRUST ACCOUNT

Pooled Trust: A Flexible Estate Planning Alternative

 

Pooled Trusts are an estate planning tool designed to protect eligibility for public assistance programs for clients with significant long term health and financial needs. When you need to assure a loved one's eligibility for public assistance programs, join a Pooled Trust managed with expertise by caring professionals to meet and manage the beneficiary's needs! 

Anyone can put money into a pooled trust - parents, grandparents, friends, or even the individual with the disability (AKA the beneficiary). However, this type of trust must be established by a non-profit association, like Elder Law of Michigan. As a non-profit we pool, manage, and invest the funds of many beneficiaries simultaneously.

 

For many, a Pooled Trust is a sensible option for guardians, conservators, and family members who manage the affairs of a person with a disability because the non-profit controls the disbursements. Similar to a family-type trust, the Pooled Trust is there to pay expenses outside of the basic care provided by government benefits. The Elder Law of Michigan, Inc. Pooled Trust gives trust beneficiaries and their families the peace of mind that comes from knowing their medical coverage and public benefits will be protected, and that the quality of life will be enhanced by using trust assets to meet needs that cannot be covered by existing benefits-funded services. Joining the Elder Law of Michigan Pooled Trust is a modest $500, and is only $90/month.

 

For more information, email info@elderlawofmi.org, call 517.485.9164, or fill out the form below.

​Find us: 

Client Assistance: 866.400.9164

Administrative Line: 517.485.9164

3815 W. St. Joseph, Suite C-200

Lansing, MI 48917

Access to Justice Campaign