Elder Law of Louisville's Blog

Monday, October 8, 2012

New Pooled Special Needs Trust Coming to KY

For some time Kentucky has lacked a pooled special needs trusts for its disabled citizens.  Disabled individuals looking to place their money in a pooled special needs trust in order to qualify for disability benefits, such as SSI, have had to place their money in pooled special needs trusts located in other states.

At its 2012 annual meeting, the Kentucky Guardianship Association (KGA) approved a motion to create and administer a Kentucky Pooled Special Needs Trust.  Spearheaded by Attorney Robert McClelland, out of Lexington, Kentucky, the overall plan consists of two parts.  First, the KGA has given Mr. McClelland the approval to create a pooled special needs trust and present it to Kentucky Medicaid for approval.  This trust will be specifically for those disabled individuals who are wards of the state, meaning those individuals whose Court appointed guardian is the state of Kentucky.

Once the first trust is up and running, the KGA will create a second pooled special needs trust.  This trust will be for those disabled individuals under private guardianship.

This is a very exciting development for disabled individual in the state of Kentucky.

The attorneys of Elder Law of Louisville (formerly Walsh & Wilson, PLLC) assist clients in Louisville, Kentucky and surrounding counties of Jefferson, Oldham, Shelby, Spencer, and Bullitt. Our Office also serves Southern Indiana and the towns of New Albany, Jeffersonville, and Clarksville.

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