What happens to money remaining in her Third Party Pooled Trust account after the beneficiary dies?
There is no guarantee that any money will remain. In fact, our intent is to spend the entire amount during her actuarial lifetime. If your daughter or son lives to actuarial life expectancy, her trust should be completely depleted. The ultimate distribution of any money that does remain after your child dies depends on what type of trust is established and the directions specified in the Trust document and Joinder agreement. [back to top] 15. When must my child’s Third Party Pooled Trust account be funded? Your child’s account does not need to be funded in advance. In many cases, it will be funded at the death of the parent. Generally, it will be funded through your will or through life insurance specifically designated for this purpose. [back to top] 16. What if I want to fund the Third Party Pooled Trust in advance? If you want to fund the account in advance, you can do so. One reason might be to assure that the money you leave will be available for your child who has a disability. S
