Nonprofit Spotlight: Springhill Pooled Accounts Trust

BY ANGIE ARLINGTON

“Springhill Pooled Accounts Trust is a trusted advocate in the special needs community. As professional trust administrators, we manage your assets, distribute funds for discretionary expenses, and help maintain your public benefits eligibility,” Kathleen Cecil explains.

“We take the time to understand beneficiaries’ specific needs to determine if our trust is the best option for their long-term goals. Our beneficiaries have a dedicated point of contact and the reassurance their assets are managed and invested responsibly.”

Springhill Pooled Accounts Trust provides significant support to the special needs community through various mechanisms designed to manage financial resources while assisting beneficiaries with preserving eligibility for essential government benefits. They provide education and partner with special needs families, professionals, and organizations who advocate for individuals with disabilities.

“Caring for a loved one with a disability can be very overwhelming. Our goal is to provide training surrounding the benefits of special needs pooled trusts and partnering with local organizations that are dedicated to provideservices to improve the lives of individuals with disabilities"

TESTIMONIALS SHARED:

Nick was thankful for an inheritance left to him after his grandfather passed away. He now had funds to use to finish his degree without incurring sizable student loans. However, Nick receives benefits and the assets would cause a disruption in his much needed medical coverage. He was advised by his attorney that directing his inheritance into the Springhill Pooled Accounts Trust would allow him to not only keep his benefits, but also provide a funding source for his tuition.

Natalie has Social Security Disability Income and Medicare. Based on her benefits we are able to use her Trust to help with housing related expenses such as rent, utilities and home improvement modifications that make her home more accessible.

Each month Greg’s parents make sure all his needs are met. However, there are months where his personal assets bump up against the $2,000 asset limit. Greg’s parents didn’t want to feel that they needed to spend his money on unnecessary items in order to stay within the asset limit to preserve his benefits. They learned about the Springhill Pooled Accounts trust and realized it was a great place to deposit any overages he accrued throughout the year with the knowledge that the funds would be available for Greg’s use when he needed them.

Note: The above individuals are not actual beneficiaries of Springhill Pooled Accounts Trust, nor are these photos of actual beneficiaries. The above stories provide examples of how a beneficiary may be able to use their Trust. Springhill Pooled Accounts Trust staff cannot offer legal advice. A personal attorney is recommended.