Our Trusts

What is a pooled supplemental needs trust (SNT)?

In its simplest form, a trust is a relationship where one person holds title to property or controls funds with an obligation to keep it for the benefit of another. In a pooled Supplemental Needs Trust or SNT:

The GRANTOR gives money to...
The TRUSTEE who puts the money into a pool, with money from other grantors, for investment administrative purposes. The Trustee keeps accurate records of each sub-account within the pool, and makes distributions from an individual sub-account for...
The BENEFICIARY, who has a disability.

Each sub-account will receive investment income, and pay investment expense, according to the percentage each sub-account represents as part of the total pool.

How can the pooled trust help me?

A pooled SNT helps maintain a disabled person’s eligibility for government benefits. It puts money in a properly constructed SNT that is not counted as a resource and allows for appropriate trust distributions that can not be counted as income. Funds from the trust are used for the supplemental needs of the beneficiary. Appropriate uses include:

Durable Medical Goods
Home Modifications
Phone
Vacations
Electronic Devises or Appliances

The case manager assigned to each beneficiary will develop an Assessment and Plan to identify the beneficiary's needs. The beneficiary and/or their representative will also have input into the plan.

Are there different types of SNT's?

There are two different types of pooled SNT's based on who "owns" the money which funds the trust.

If the money belongs to the beneficiary, it will go into a First-Party SNT. This can be set up by the beneficiary, a parent, grandparent, legal guardian or the court.
If the money belongs to someone other than the beneficiary, and will be put into a Trust for the benefit of the beneficiary, it will go into a Third-Party SNT. This can be sent up by anyone other than the beneficiary and has two different options:

- A Third-Party SNT (Low Asset Pool) currently funds less than $100,000.

- A Third-Party SNT (High Asset Pool) currently funds over than $100,000.

Top of Page