Will 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.
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, firstname.lastname@example.org, www.snthelp.com.