FREQUENTLY ASKED QUESTIONS > GLOSSARY OF TERMS > OMBRA POOLED TRUST
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- A Supplemental Needs Trust that can be established with a not-for-profit organization for the benefit of a disabled person of any age.
- The disabled person himself can also establish it.
- If the disabled person is over 65 Medicaid transfer penalty provisions will apply.
- Upon the death of the disabled person all of the remaining assets usually remain with the not-for-profit organization. There are no Medicaid payback requirements.