When planning for the future of a loved one with a disability, securing their financial stability while maintaining access to vital government benefits can be overwhelming. A Pooled Special Needs Trust (PSNT) offers a strategic solution for families, ensuring that individuals with disabilities can maintain their quality of life without risking benefits like Medicaid and Supplemental Security Income (SSI). 

At Secured Futures, we specialize in helping families establish Pooled Special Needs Trusts to meet the unique needs of individuals with disabilities. Here are five key reasons why a PSNT is an essential tool for ensuring your loved one’s future well-being. 

1. Preserve Eligibility for Government Benefits

Pooled Special Needs Trusts are designed to protect eligibility for programs like Medicaid and SSI by shielding funds from being counted as personal assets. Without a PSNT, even a modest inheritance or financial gift could disqualify your loved one from receiving these benefits. By using a PSNT, families can set aside funds for their loved one’s needs while ensuring they continue to receive essential government support. 

2. Affordable and Professional Management

A Pooled Special Needs Trust combines the assets of multiple beneficiaries for investment purposes, which helps lower costs. This structure allows families to access professional trust management services without the higher fees typically associated with individual Special Needs Trusts. A PSNT provides peace of mind, knowing that an experienced organization like Secured Futures manages the trust’s investments and administrative needs.

At Secured Futures, we are committed to making trust services accessible. We have no minimum fee requirement for setting up a pooled trust, ensuring flexibility for all.

3. Avoid Legal and Financial Pitfalls

Trust planning for individuals with disabilities involves navigating complex rules and regulations. A PSNT simplifies the process by offering a pre-established legal structure that complies with federal and state requirements. This helps families avoid mistakes that could otherwise result in disqualification from benefits or unwanted taxes. 

4. Flexible Fund Usage for Quality-of-Life Enhancements

Funds in a Pooled Special Needs Trust can be used to cover various expenses not paid for by government benefits, such as recreational activities, education, therapies, transportation, and personal care items. This flexibility ensures your loved one enjoys a better quality of life, while still maintaining the security of public benefits. 

5. Relieves Stress for Families and Caregivers

Caring for a loved one with special needs is both rewarding and challenging. Establishing a Pooled Special Needs Trust reduces the financial and legal stress on families by offering a cost-effective and professionally managed solution. With a PSNT, caregivers can focus on providing love and support rather than worrying about complex financial arrangements. 

Ready to Secure Your Loved One’s Future? 

At Secured Futures, we are committed to helping families protect the financial well-being of their loved ones with disabilities. A Pooled Special Needs Trust is a critical step in ensuring long-term security while preserving essential benefits. 

Take the first step today!

 Schedule a consultation with one of our trust specialists or visit our Resource Library to learn more.

Let us help you navigate the future with confidence and peace of mind.