pooled trust

Definition of "pooled trust"
  1. A special needs fund managed by a nonprofit, where multiple beneficiaries' assets are collectively handled and invested, and from which donated funds aren't deemed available resources for Supplemental Security Income
How to use "pooled trust" in a sentence
  1. A pooled trust can be a good option for seniors who want to maintain eligibility for government benefits.
  2. The nonprofit organization established a pooled trust for beneficiaries with special needs.
  3. The pooled trust was set up for beneficiaries to protect their eligibility for SSI benefits.

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