Q. What is a pooled special needs trust?

A. A pooled special needs trust serves the same function as the other types of special needs trusts, but with several differences. A pooled trust is established by a nonprofit organization. All funds are managed as a pool and may be invested as one account, but sub-accounts are established for each individual beneficiary. The profits and losses, deposits, and disbursements from each account are tracked separately from the pooled trust. Pooled trusts are also a good option for families who do not have anyone they know to appoint as a trustee. Pooled trusts give families access to highly skilled trustees.