The Theresa Pooled Asset Trust
The Theresa Pooled Asset Trust is a special type of trust that allows individuals with a disability to become financially eligible for public assistance benefits while preserving their resources in trust for supplemental needs. By joining a Pooled Trust, trust beneficiaries can receive the public benefits (such as SSI and Medicaid) that meet their essential needs while maintaining a supplemental fund that is available to meet their needs that are not provided for by public benefits.
Upon the beneficiary’s demise, any remaining trust funds must be used to reimburse the state of New York for all medical benefits provided by the beneficiary, unless the funds are utilized for people with disabilities.
For more information on Pooled Trusts please visit The Pooled Trust FAQ Page.
To access the necessary documents for joining The Theresa Pooled Asset Trust, use the following links:
If you have any questions establishing a Theresa Pooled Trusts account, please contact our Trust Officer, Kaylie Myers, at kaylie@clcfoundation.org or by calling the CLC Foundation at (914) 241-2076 Ext. 4.