What are the advantages of establishing a Pooled Special Needs Trust?
The sub-accounts are pooled into one account managed by professional money managers which allows for a higher rate of return than would be possible if funds were invested separately. Some banks are reluctant to administer small trusts and may charge fees that small trusts are unable to pay. Banks generally are not involved with the regulations for public assistance programs such as Medicaid, SSI, and housing programs and can be ill equipped to deal with the specific needs of a personal injury victim eligible for public benefits.
