The Theresa Foundation Pooled Trust of New York 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. The Center for Special Needs Trust Administration, Inc. (The Center) is the trustee that administers The Theresa Pooled Trust (Trust).
Upon the beneficiary’s death, any remaining assets in the pooled trust must either be retained in the Trust or used to reimburse the state of New York for all medical benefits provided by the beneficiary. As part of their charitable mission, the Theresa Foundation and the Center have partnered to provide comprehensive services to the entire community of people with disabilities in New York.
THERESA POOLED INCOME TRUST ALERT
SET UP FEE WAIVED
In response to the financial stress on our community, the Theresa Foundation is waiving the set up fee of $175 for all Theresa Pooled Income Trusts set up before July 1, 2020.