First Party Pooled Trust
Established by the beneficiary with their own funds, usually as a result of a personal injury, Workers’ Compensation claim or Social Security back payment.
Third Party Pooled Trust
Established by a parent, relative or friend, this trust can be included as part of estate plans, insurance policies or gifts.
MSA Trust
Established by beneficiary post personal injury or Workers’ Compensation claims, a “set-aside” uses part of the settlement for medical costs related to the injury.