Patrick Farber Structured Settlement Brokers

Pooled Special Needs Trust vs. Individual Special Needs Trust

By On · 11:22 AM · Add Comment

special_needs_trust_patrick_farberWill Lindahl, director of CPT, has put together a chart that concisely explains the differences between an Individual Special Needs Trust and a Pooled Special Needs Trust. Knowing these differences can be critical for the financial future of the injured and their families.

Comparing the Differences

Notice that the Individual SNT may only be used if the individual is under age 65. If he or she is age 65 or over, the proceeds must be placed in a Pooled SNT to preserve eligibility for MediCal or SSI. Unlike an Individual SNT, the injured individual may join a Pooled SNT directly.

For questions about Pooled Special Needs Trusts, contact Will at 877-695-6444 x 89, will@snthelp.com, www.snthelp.com.

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Author

Patrick C. Farber

Pat Farber has 35 years of insurance experience with more than 30 years in the structured settlement field. Pat specializes in providing structured annuities for medical malpractice, personal injury, product liability, workers’ compensation, toxic torts, and construction defect cases as well as for non-physical injury cases and attorney fees. He participates in court hearings, arbitrations and settlement conferences throughout California, the West Coast and in other areas of the United States. He has personally placed over $3 billion in annuity premiums and U.S. Government notes.

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