First Party Pooled Special Needs Trust (PSNT)
A First-Party PSNT is established with the beneficiary’s own funds, usually as a result of a personal injury or workers’ compensation award, inheritance left directly to the beneficiary, or Social Security back payment.
First Party Special Needs Trust:
Joining Documentation
What is a First-Party
Pooled Special Needs Trust?
In this insightful video, discover the remarkable benefits of our First-Party Pooled Special Needs Trust. Join our Counsel & Director of Client Services, Ben Tiefenback, as he delves into the details and advantages of this valuable resource.
When an individual with a disability receives funds,
it is important to give thoughtful consideration to the following:
How Funds in the Sub-Account Can Be Used
The funds can be used to pay for expenses that will enhance the quality of life for the Beneficiary. For more information, see our Disbursement Manual.
Additional First-Party Resources
Objectives of the Trust
The Objectives of the Trust form provides information about the beneficiary's needs for disbursements from the sub-account.
First-Party Remainder Policy
The Remainder Policy explains what happens to funds remaining in the sub-account upon the death of the beneficiary.
Beneficiaries 65 or Older
Attorneys working with clients who are establishing a sub-account for beneficiaries 65 years of age and older are asked to complete and submit this checklist to CCT.
CCT Trust IPS
The Investment Policy Statement (IPS) is carefully crafted and reviewed regularly by the CCT Board of Director’s Finance and Investment Committee.
Important Definitions
Have questions?
If you have any questions about the process, please don’t hesitate to call our office at 804-740-6930 or email us at contact@trustCCT.org. Our staff is available to answer your questions Monday through Friday from 9:00 am to 5:00 pm ET.
Mailing Address:
Commonwealth Community Trust
P.O. Box 29408
Richmond, VA 23242-0408
