attorney who helped set up the jlc pooled trust

Do I need an estate lawyer to form a pooled trust?

What is a Pooled Trust? In general, a trust is a special fiduciary arrangement that is formed between three parties: the settlor (i.e., the creator of the trust), the trustee (i.e., the person who oversees the trust), and one or more trust beneficiaries (i.e., the recipients of the trust). The …

Why set up a pooled trust for a loved one?

Feb 09, 2019 · Pooled Trust Lawyer Free Consultation. When you need help with a pooled trust or estate planning, please call Ascent Law for your free consultation (801) 676-5506. We want to help you. Ascent Law LLC. 8833 S. Redwood Road, Suite C. West Jordan, Utah. 84088 United …

Do pooled Special Needs Trusts work for everyone?

Pooled Trusts – ATTORNEY BRENDA M. RIVARD Skip to content Our Firm Attorney Brenda M. Rivard Attorney Kathleen E. O’Connor Paralegal O’Connor & Rivard Attorneys PC Mission Statement Legal Services Estate Administration Interfamily Real Estate Transactions …

What is the western New York Coalition pooled trust?

JLC & Associates is a residential & commercial real estate transactions and contracts law firm located in Union Square. We guide our clients through life’s greatest milestones with skill, …

Using Charitable Trusts

One of the great parts about pooled charitable trusts is that the charity itself, or an investment company, sets up the trust and is responsible for accepting donations from those who wish to give. Much like a mutual fund, these investments are then pooled together and invested in the stock market.

How Does It Work?

In addition to the normal donations of cash, you can also donate stocks and bonds to such trusts, so long as there are not tax-exempt ones. However, tangible property such as cars and real property are not allowed to be donated.

Pooled Trust Lawyer Free Consultation

When you need help with a pooled trust or estate planning, please call Ascent Law for your free consultation (801) 676-5506. We want to help you.

Do pooled trusts take residents?

Pooled trust must adhere to strict state rules, so to keep things manageable, most pooled trusts only take residents that reside in the same state. To find a special needs pooled trust in your state, try contacting one of these organizations:

What is pooled trust?

Pooled trusts are reasonable alternative to doing your own special needs trust if you can't come up with a logical choice for trustee or if you don't have enough money to justify creating an individual trust.

What are the benefits of pooled trusts?

Here are some advantages of pooled trusts: 1 The people managing the trust and its assets will be knowledgeable about agency rules regarding income and resources and will be able to deal with any questions from the SSI or Medicaid programs. 2 The trust directors usually are relatives of people with disabilities and are attuned to that community. 3 Even if you don't have a lot of money to leave to your loved one, a pooled trust can give your loved one the benefits of a special needs trust.

What is a special needs pooled trust?

Special needs pooled trusts are run by nonprofit organizations set up to expertly and efficiently administer a master special needs trust on behalf of individual beneficiaries with disabilities. Assets are combined and invested together; funds are spent on beneficiaries in proportion to their share of the total amount.

What is pooled trust?

What’s a Pooled Trust? A Way to Avoid the Nursing Home. NOW that most baby boomers’ parents have been retired for many years, perhaps even decades, what’s left of their retirement income often isn’t enough to pay for the rising costs of long-term care.

How much income do you need to qualify for medicaid?

To qualify for Medicaid, a single individual’s monthly income cannot exceed $767, while a married couple can have no more than $1,117. Similar to a deductible, anything above those amounts — minus the cost of their health care premiums — must first be spent on medical bills before the person can receive Medicaid.