Life Enrichment Trust, Inc., as a court approved corporate fiduciary, allows people to safeguard assets and plan for the financial future of their loved ones with disabilities, without the risk of endangering funding for the needs of the individual.

The little luxuries of life come with a price tag. The financial ability to take a vacation, fly to visit a relative, or purchase a computer, stereo or television is often taken for granted. Relatives want to include their loved ones with disabilities in their estate planning, but in doing so, can unknowingly disqualify them from funding, causing more harm than help.

Life Enrichment Trust provides a secure means to provide financially and does exactly what the name implies--- enriches the lives of individuals with disabilities!

Additionally, you can designate any non-profit organization, including Imagine!, to distribute 50% of their retained funds when your loved one passes away , ensuring a legacy of support and caring.

The trust is designed for a person under the age of 65, at the time of initial enrollment, and who has a disability as defined in (42 USC1382 c(a) (3)). The person who is enrolled in the trust is known as the Beneficiary.

The Life Enrichment Trust (LET) was established in 1993 for individuals to maintain their Medicaid Eligibility after having received unexpected funds.

The Life Enrichment Trust is a pooled trust; meaning, assets are pooled for investment but are accounted for separately.

The fees associated with the Life Enrichment Trust are comparatively lower than other special needs trusts in the state of Colorado. There is only a one time set up fee of $25.00 and an annual 3% charge. Additionally, the Life Enrichment Trust does not require bookkeeping or case management fees commonly required with other special needs trusts.

Once a consumer’s interdisciplinary team has decided the Life Enrichment Trust is an appropriate option for a consumer two forms are required to be signed: the Joinder Agreement and the Master Trust Agreement, which can be found here. Once the Joinder Agreement and Master Trust Agreements are completely filled-out and signed by the consumer, Legal Guardian, parent, or Representative Payee they will be sent to the Trust Administrator.

The Trust Administrator will also sign both agreements in order to activate the trust account.

Basically, funds can not be spent on services, supplies, etc. a government waiver is intended to provide. In the state of Colorado funds withdrawn from a trust are subject to social security and personal needs funds regulations.

Treatment of any remaining funds is dependent on what percentage, if any, the trust retains. Per the Joinder Agreement, the beneficiary may select a non-profit organization to distribute 50% of their retained funds to upon their death. Any funds retained by the trust must be used for the benefit of individuals with disabilities.