The Springhill Pooled Accounts Trust provides these benefits:
• Assets are pooled together with other beneficiaries’ assets allowing for efficiency by reduction of investment expenses and management expenses. Please note: As with any investment product, there is risk associated with investing and returns are not guaranteed.
• Staff provide assistance in completing and reviewing documents associated with joining and maintaining participation in the trust.
• When a beneficiary needs to use funds from their sub-account, staff review the request, ensuring that the disbursement request meet the public benefit rules.
• Our Trustee, Springhill Housing Corporation is a housing agency. This means it is possible to hold a beneficiary’s houses as an asset, when appropriate. Springhill Housing Corporation can provide property management services for a fee.
Please note: Springhill Housing Corporation requires a market appraisal, inspection and additional requirements prior to accepting a house into the Trust.