pooled trust
A collection of trusts in which assets are jointly managed and invested, with the advantage of lower administrative fees.
Definition from Nolo’s Plain-English Law Dictionary
A special needs trust operated by a nonprofit organization for the benefit of several beneficiaries. Assets are jointly managed and invested. SSI does not consider pooled trust funds donated by a third party for a beneficiary to be a resource available to the beneficiary.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:21 pm
