Planning for the future, whether for yourself or a loved one, can be a complex process. If you’re considering opening a pooled trust, our Pooled Trust Preparation Checklist is a simple, step-by-step guide to help you through the process. This checklist is not only tailored for those working with Secured Futures but can also be used by anyone—trustees or individuals—who are thinking about utilizing a pooled trust with any trustee or organization.

What is the Pooled Trust Preparation Checklist?

The checklist is designed to streamline the preparation process for setting up a pooled trust. It provides clear guidance on choosing the right trust type, collecting necessary documents, and understanding the steps involved. Whether you’re working with Secured Futures or another trustee, this checklist offers a universal framework to ensure nothing is missed.

How to Use the Checklist

1. Choose Your Trust Type: The checklist outlines the four main types of pooled trusts:
   • Special Needs Trust: For individuals with disabilities, ensuring continued access to government benefits.
   • Minor’s Trust: Set up for the benefit of a minor.
   • Preservation Trust: Designed to protect assets from creditors or overspending.
   • Support Trust: For those planning wealth transfers to beneficiaries.

   Identify the trust type that best fits your needs, whether you’re working with Secured Futures or another organization.

2. Specify First or Third-Party Trust: Determine whether the trust will be funded by the beneficiary (first-party) or by someone else (third-party), such as a parent or guardian.
3. Gather Required Documents: The checklist will guide you in collecting essential documents, such as:
   • Identification and proof of address
   • Financial statements
   • Medical documentation (if applicable)
   • Estate planning documents

   These requirements are typical across different trustees, making this checklist versatile and helpful no matter who you’re working with.

4. Contact Your Trustee or Trust Provider: Once your documents and decisions are in place, reach out to your chosen trust provider—whether Secured Futures or another trusted organization—to begin the trust setup process.
5. Fund and Manage the Trust: The checklist also walks you through how to transfer assets into the trust and outlines what to expect regarding ongoing trust management and communication with the trustee.

Why Use the Checklist?

This checklist simplifies the often complex process of setting up a pooled trust. It’s designed to be used as a comprehensive guide for anyone—individuals, trustees, or professionals—who wants to ensure they are fully prepared to open and manage a pooled trust. Whether you’re working with Secured Futures or another trustee, this resource can help you stay organized and confident throughout the process.

No Minimum Funds Required with Secured Futures

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 clients.

Ready to get started? Download the Pooled Trust Preparation Checklist today, and take the next step toward securing a brighter future for yourself or your loved ones.

For more information, feel free to reach out to Secured Futures or your trust provider for personalized assistance!