Labor & Industry for Education, Inc. (LIFE) is a non-sectarian, not-for-profit 501(c)(3) organization that has been providing an array of social services to the people of Nassau County and New York City for over 25 years.
To read more about LIFE and its programs, please visit http://www.lifetech.org/
LIFE has established the LIFE, Inc. Pooled TrustsServices, a group of pooled Special Needs Trusts specially designed to help enhance quality of life for its disabled participants and to provide for their special needs.
The LIFE, Inc. Pooled Trusts are specifically designed trusts, which can provide additional benefits for its disabled participants (or “beneficiaries”) without affecting their eligibility for governmental benefits such as Medicaid, SSI, Food Stamps and Section 8 Housing.
The Trust acts as a way for a sponsor (either the beneficiary themselves, a parent or guardian, or even a friend or other loved one) to provide for the special needs of a disabled beneficiary. The Special Needs Trust can be funded by anyone with an interest in providing for the care and needs of a disabled person without fear of jeopardizing the beneficiary’s government benefits.
Establishing a LIFE Medicaid pooled income trust is the best way to qualify to receive Medicaid services and shelter your income. Medicaid allows only $825 of monthly income for an individual ($1209 for a married couple). Anything above that amount is consider...Read More
Medicaid allows an applicant to keep resources up to $14,850. If you receive a lawsuit settlement, inheritance or any other lump sum of money, you can protect these assets from Medicaid by placing the funds into a LIFE Medicaid pooled asset trust. Once ...Read More