New Jersey Mortuary Science Practice Exam

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A pooled trust account is established under which legislation?

P.L. 1957, c.182
P.L. 1985, c.147
P.L. 1985, c.198
P.L. 1990, c.202

The correct answer is: P.L. 1985, c.147

A pooled trust account is established under P.L. 1985, c.147, which refers to legislation specifically designed to create mechanisms for managing funds for individuals with disabilities while allowing them to remain eligible for public benefits. This legislation allows for the pooling of resources from multiple beneficiaries into a single trust. This structure is beneficial as it can enhance investment opportunities and reduce the administrative costs associated with managing multiple individual trusts. P.L. 1985, c.147 provides a framework that includes protecting the trust assets from being counted as resources for determining eligibility for assistance programs, thus ensuring that individuals with disabilities can have greater financial security without jeopardizing their access to necessary support services. Understanding this legislation is crucial for those involved in funeral service and mortuary science, especially when considering financial planning for individuals and families with specific needs.