There is also another type of trust known as a Pooled trust. This type of trust will recognize that in some cases, it would not be cost effective to hire any attorney to draft a trust. Pooled Trusts typically manage the assets of the disabled individual. These trusts can be established for any person, regardless of age. They are not restricted to people under 65 like other trusts are. Another major difference with a Pooled Trust is that the assets that remain in the trust when the beneficiary dies will be partially allowed to be kept and used to repay Medicaid if necessary.
Read more information on Medicaid:
- What is a self-settled trust?
- Supplemental Needs Trust Medicaid
- Medicaid Sitemap
- Medicaid Rules Purchasing Annuities
- Medicaid Transfer Assets
- Medicaid Gifting Rules
- Medicaid Joint Accounts
- Hide Assets from Medicaid
- Hide Assets from Medicaid
- Medicaid Home Equity
- Medicaid Laws
- Medicaid Annuity
- Medicaid Income First Rule
- Medicaid Long Term Care Insurance
- Medicaid Look Back Period
- Medicaid Life Estate
- Medicaid Loan
- Medicaid Deficit Reduction Act
- Medicaid Case Study
