What can Pooled Trust funds be used for?

Pooled Trust funds are specifically designed to provide financial support for individuals with disabilities while preserving their eligibility for government benefits. One of the primary purposes of these funds is to cover essential living expenses that are not provided by government programs. This includes costs such as utilities, rent, and other necessary living expenses that contribute to the individual's daily well-being and quality of life.

The structure of pooled trusts allows funds to be managed collectively for the benefit of multiple beneficiaries while ensuring that the assets do not exceed certain limits that would disqualify the individuals from receiving government assistance. Therefore, using Pooled Trust funds for living expenses aligns with the intent and regulations of these financial instruments, ensuring beneficiaries can maintain their basic needs.

In contrast, using the funds for investments in stocks and bonds, buying property, or covering only travel expenses does not align with the intended use of Pooled Trust funds, as these options might not directly support the welfare and day-to-day living requirements of the trusts' beneficiaries.