What is a pooled special needs trust

1 in 5 adults have a mental illness and nearly 1 in 25 adults have a serious mental illness. When an illness impacts the individual’s ability to work or manage their finances, a plan is necessary to ensure careful management of funds. There are multiple options for future financial planning for loved ones with mental illness, but one such option is a Pooled Special Needs Trust (PSNT).

This article provides information about PSNTs, the benefits of using a PSNT, what can be paid for by the trust, and the steps to establish one.


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