How it Works
In most cases, the individual beneficiary, the guardian, or a family member will initiate the request for disbursement from the trust. It is then the responsibility of the Quality of Life Foundation Board to take final decisions under the guidance of the MASTER POOLED TRUST document.
There is no initial or set-up cost involved in establishing a “separate account” within the MASTER POOLED TRUST. There is, however, an annual administrative fee equal to one percent (1%) of the assets under management. This is not a “burial trust” and a separate account must be established for that purpose.