The Golden State Pooled Trust's programs

Four programs

The Golden State Pooled Trust maintains four pooled trust programs:
Each of these trust programs was developed to fill specific needs of persons with disabilities. They are all pooled trusts. This means that each beneficiary places his or her funds into an individual sub-account, which is administered by a central trustee and investment advisor. Funds are then pooled across all beneficiaries for investment and management purposes. For more information on the benefits of a pooled trust, please click here.
POOLED TRUST PROGRAMS AT THE GOLDEN STATE POOLED TRUST
The GSPT Self-Settled Trust The GSPT Third Party Trust The GSPT Self-Settled Trust for Court Monitored Cases The GSPT Medicare Set-Aside (MSA)
Source of funds Assets belonging to the person with the disability. Assets belonging to someone other than the person with the disability; this can be a relative, friend, or some other source that is not the beneficiary. Assets belonging to the person with the disability; associated with a court monitored case A portion of an injury or worker’s compensation settlement
Who can create the trust? Beneficiary, parent, grandparent, legal guardian, or court Anyone except the beneficiary Beneficiary, parent, grandparent, legal guardian, or court; trust is required by court order Beneficiary, parent, grandparent, legal guardian, or court
Sample funding sources Inheritance, court settlement, disability backpay from Social Security Inheritance, gift Inheritance, court settlement Personal injury settlement, worker’s compensation settlement
What can funds be used for? Supplemental needs that enhance the beneficiary’s quality of life Supplemental needs that enhance the beneficiary’s quality of life Supplemental needs that enhance the beneficiary’s quality of life Future expenses related to the beneficiary’s injury
Other restrictions The assets can only be used for the sole benefit of the individual with a disability The assets can only be used for the sole benefit of the individual with a disability The assets can only be used for the sole benefit of the individual with a disability The assets can only be used for the sole benefit of the individual with a disability; initial seed amount must be at least $25,000
GSPT fees One time enrollment fee: $1,500 / Annual trust administrative fee: 1.5% or $1,500 -- whichever is greater One time enrollment fee: $1,500 / Annual trust administrative fee: 1.5% or $1,500 -- whichever is greater One time enrollment fee: $1,500 / Annual trust administrative fee: 1.5% or $1,500 -- whichever is greater One time enrollment fee: $1,500 / Annual trust administrative fee: 1.5% or $1,500 -- whichever is greater
Remainder interest Subject to liens Grantor decides who the remainder beneficiary is; no payback required to a government entity Subject to liens Subject to liens