Frequently Asked Questions
Q: Can a representative payee establish a pooled trust?
From time to time the question of whether or not a representative payee can establish a Pooled Trust on behalf of an individual with disabilities has been raised. This is largely created by the fact that the federal statute language related to Pooled Trust does not specifically describe the representative payee but states only a parent, grandparent, a court, legal guardian or the individual with disabilities can establish an account in a Pooled Trust.
In 2002, the Federal Social Security Administration made an official determination on this subject. Click here to see the policy letter that permits a representative payee to establish trusts on behalf of the individuals they represent.
