Background Pooled Trusts The MPDT MPDT vs. Others Executive Director & Trustees Frequently Asked Questions Download brochure Instructions Disbursements Examples Documents Download forms Administrative Fees Home	About The Maine Pooled Disability Trust The Maine Pooled Disability Trust has five trustees, appointed by the Wardwell board, to serve staggered terms. The trust is irrevocable, and for investment purposes all of the funds are pooled. However, each beneficiary has his or her own sub account. During the lifetime of the individual, the trust funds are used for that individual's benefit. After the death of the disabled individual, the trust retains 50 percent of any remaining funds in the trust account. Those funds are used to assist other disabled individuals. After the trust retains its percentage share, the trust is required by the State to pay the State an amount equal to the total amount of medical assistance paid on behalf of the beneficiary. Thereafter, whatever remains in the trust may be left beneficiaries specified by the disabled individual, when the funds were initially placed into the trust. The trust contains a provision that allows for early termination of the pooled trust, in the event that the laws change and the trust can no longer serve its purpose. In addition, the trust contains an early termination provision for each sub account. If a sub account no longer serves its purpose, then the Trustee, in its complete and absolute discretion, may terminate the particular sub account and return the property to the beneficiary, after payments to the State. The trust further contains an amendment provision. In accordance with this provision, the trust may be amended so that it may continue to comply with changes in public benefit laws. The trustees are required to provide a statement of accounts every year to the beneficiaries.
P.O. Box 495 Kennebunkport, ME 04046-0495 Phone (207) 967-6072 Fax (207) 967-5698 Email