A pooled trust is formed for the benefit of beneficiaries who are disabled. The assets are managed by a charity or not for profit organization. The pooled trust is designed to supplement the basic support and needs of the beneficiary.
Pooled trusts may expend funds for purposes such as guardianship fees, differences in housing expenses between private accommodations and institutional accommodations, such as assisted living, geriatric care services, travel expenses, medical procedures, and care not covered by Medicaid, and entertainment expenses.
Upon the decease of the beneficiary, any property remaining in the trust must be either retained by the trust or expended to reimburse the State for Medicaid expenses, subject to the State’s Medicaid lien.