A Strategic Option for Protecting Assets While Maintaining Medicaid Eligibility

For individuals navigating Medicaid eligibility, a Pooled Trust can be a valuable tool in certain situations.

At the Law Office of Jessica Lynn Silva, we help clients understand whether a pooled trust is the right fit and how it can be used as part of a broader Medicaid and asset protection strategy.



This is not a one-size-fits-all solution — but when used correctly, it can provide meaningful benefits.

Serving clients throughout Florida and beyond. Virtual consultations available.

Wills

A will outlines how your assets should be distributed after your passing and allows you to name guardians for minor children.



Wills typically go through probate, which means the court oversees the administration and distribution of your estate.

Trusts

A trust is a legal structure that allows assets to be managed and distributed according to your instructions.

Depending on how it is set up, a trust can:

• avoid probate
• provide privacy
• allow for more control over how and when assets are distributed
• support long-term planning strategies

What Is a Pooled Trust?

A pooled trust is a type of trust that combines funds from multiple individuals for investment and management purposes, while maintaining separate accounts for each beneficiary.

Florida Pooled Trust

It is typically managed by a nonprofit organization and can be used to:

• help maintain Medicaid eligibility
• protect certain assets
• provide for supplemental needs

Pooled trusts are often used when other planning options are limited.

When Is a Pooled Trust Used?

A pooled trust may be appropriate when:

• an individual exceeds Medicaid asset limits
• planning opportunities are limited due to timing or circumstances
• assets need to be preserved while still qualifying for benefits
• a loved one requires immediate or ongoing care

Each situation must be carefully evaluated to determine if this strategy is appropriate.

How It Works

Funds are placed into the pooled trust and managed according to program guidelines.

While the assets are no longer directly owned, they can be used for certain approved expenses that benefit the individual.

This structure allows:

• compliance with Medicaid eligibility requirements
• preservation of certain funds for supplemental use
• continued access to necessary care

Important Considerations

Pooled trusts are governed by strict rules and may not be the best option for every situation.

It is important to understand:

• how funds can be used
• limitations on distributions
• long-term implications
• how it fits into your overall plan

This is where experienced guidance is critical.

Part of a Larger Medicaid Strategy

A pooled trust is often one piece of a broader plan.

We help ensure it works alongside:

• Medicaid planning strategies
• application assistance
• Qualified Income Trusts
• asset preservation planning

The goal is to create a cohesive and effective strategy based on your needs.

Florida-Based Planning

Pooled trusts must comply with Florida Medicaid rules and program requirements.

The Law Office of Jessica Lynn Silva works with:

• Florida residents
• out-of-state family members assisting loved ones in Florida
• individuals managing care and assets within the state

This ensures your strategy is properly structured and compliant.

Work With Us From Anywhere

You do not need to be located near one of our offices to explore whether a pooled trust is right for you.



We provide a streamlined process that allows you to receive guidance and move forward without needing to be physically present.

FAQ

Frequently asked questions