The First-Party Pooled Special Needs Trust is funded with the Beneficiary’s own funds. This trust can be established with funds from a personal injury settlement, Social Security back payment, sale of property, inheritance left directly to the Beneficiary, or the Beneficiary’s own savings.
Checks can be made payable to the Trust Company of Virginia (TCVA) for deposit to the trust at any time. Real estate or other non-cash assets are not accepted, since the funds must be pooled for investment purposes.
Please note: As of June 1, 2016, the Self-Funded Pooled Disability Trust was renamed to First-Party Pooled Special Needs Trust.