Many of our readers have requested additional information about OBRA Special Needs Pooled Trusts.
In Cook County, many wards' estates, valued in the hundreds of thousands of dollars, are placed into OBRA Supplemental Needs Pooled Trusts.
Supposedly, this is being done for the benefit of the ward as it allows the ward to qualify for Medicaid, thus saving the funds for the special needs of the ward.
However, in reality, the ones benefitting from these trusts are the attorneys and guardians. Once a ward's estate is placed into the trust, they can no longer (by law) reside in private pay nursing homes, and are thus moved into public aid facilities.
And, instead of using the funds placed into the OBRA for the special needs of the wards that aren't being met in the public aid nursing homes, the funds are being used primarily to pay attorneys and legal fees until the estate is depleted.
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