How Does the Theresa Pooled Trust Help Me?

Under current Federal Law, any assets and income in an ordinary trust that is available to the recipient of the benefits will be counted against recipients of public benefits when those benefits have asset and income limits. Any portion of the trust funds that can be reached will be counted as an asset, and any portion of the interest that could be paid out will be counted as income. As a result, recipients of public benefits will be disqualified and their benefits discontinued. In the case of someone who is applying for benefits, the application for public benefits will be denied.

The Theresa Pooled Trust is a special type of trust that allows individuals to become financially eligible for public assistance benefits, such as Medicaid home care, while preserving their resources and/or income in a trust for supplemental needs.

Are there different types of Pooled Trusts?

Yes, there are three types of Pooled Trusts. One is The Theresa Pooled Income Trust, another is the Theresa Foundation Community Trust, and the third is The Theresa Pooled Asset Trust.

What Makes Your Trust different than other Pooled Trusts?

  • We have lower fees than most other pooled trusts
  • When you call to speak to someone, you will not be speaking to many representatives who do not know you or your situation. At The Centers, they have a team approach. One or two representatives are dedicated to your case.
  • The Theresa Pooled Trusts supports the Theresa Foundation. In turn, you are helping to support the arts by choosing the Theresa Pooled Trust.
  • Quick turnaround time with getting bills paid

Are there limits on how the Pooled Trust funds can be expended?

Funds in the Trust may be used for any of the below expenses:

  • Living expenses, including clothing, food and shelter for non-SSI beneficiaries
  • Housing costs such as utilities, rent, or real estate taxes
  • Private pay care services
  • Supplemental nursing care
  • Medical procedures not provided through government assistance
  • Entertainment and travel expenses
  • Attorney and Guardian fees
  • Any other expenses not provided by government assistance program

However, please note the Trust is a sole benefit Trust. This means that only expenses in the beneficiary’s name or for the beneficiary’s sole benefit will be paid for by the Pooled Trust. In addition, if the beneficiary is on SSI we wouldn’t want to pay their rent and basic utilities as this will result in a 1/3 reduction in their SSI benefits.

How do I join?

You can either elect to fill out the paperwork and sign the joinder agreement found here and submit it for approval on your own or you can schedule an appointment with an attorney who could help you to understand each document and submit it on your behalf.

Do I need an attorney to represent me?

Although it is not necessary, it is in your best interest to consult with an attorney first.


What is The Theresa Pooled Income Trust?

The Theresa Pooled Income Trust is a special type of trust that allows a beneficiary of any age to become financially eligible for public assistance benefits, such as Medicaid home care, while preserving their monthly income in trust for living expenses and supplemental needs.

What are the fees for the Theresa Pooled Income Trust?

There is a one-time opening fee of $175 as well as a nominal monthly service fee according to your monthly deposit. To view the fee schedule, click here. When opening the trust, there is also a requirement of a one month reserve. This means that your first month’s deposit into the trust goes into a reserve account and cannot be spent.

What is The Theresa Foundation Community Trust?

The Theresa Foundation Community Trust is a Third-Party Special Needs Trust that is pooled for management and investment purposes. The primary purpose and objective of the Theresa Foundation Community Trust is to provide grantors with the ability to contribute assets to supplement the needs of another person while simultaneously protecting that person’s means-tested benefits such as SSI and Medicaid.

What are the fees for the Theresa Foundation Community Trust?

There is a one-time administrative fee of $2,500 as well as an annual trustee fee of 2% of the assets held in the Pooled Trust. Additional costs will also be charged as additional services become necessary or advisable. Some examples of additional costs include costs for asset management fees; professional fees for attorneys, guardians and care managers; real estate management, termination fees, and supplementary administrative services.

What is The Theresa Pooled Asset Trust?

The Theresa Pooled Asset Trust is a special type of trust that allows a beneficiary to become financially eligible for public assistance benefits, such as Medicaid home care, while preserving assets a loved one may have left them or they may have received from a settlement.

What are the fees for the Theresa Pooled Asset Trust?

There is a one-time administrative fee of $2,500 as well as an annual trustee fee of 2% of the assets held in the Pooled Trust. Additional costs will also be charged as additional services become necessary or advisable. Some examples of additional costs include costs for asset management fees; professional fees for attorneys, guardians and care managers; real estate management, termination fees, and supplementary administrative services.