WHAT DOES PACT OFFER?
Basic Support and Maintenance Trust:
Can be set up for any beneficiary, not just individuals affected by disability
First Party Special Needs Trust:
Grantor of the Trust is a person affected by disability
Third Party Special Needs Trust:
Grantor(s) of the Trust are parents or family members of a person affected by disability
Funds put in to a Pooled Trust are stored safely, along with money from other grantors. Assets are managed for more stable administration and investment options. Accurate records are kept of each sub-account, and distributions are made for the beneficiary’s supplemental needs as requested.
In the case of Pooled Special Needs Trusts (SNTs), the beneficiary is able to maintain eligibility for public benefits.