The Quality of Life Trust

The mission of the Quality of Life Trust is to enable parents, through their estates, to provide for personalized advocacy and emotional and social support for their children with disabilities.

What is the Quality of Life Trust?
The Quality of Life Trust is a “consolidated” trust. The money you leave for your son or daughter along with money left to other beneficiaries is invested in a single trust. Individual accounts will be maintained separately within the consolidated trust.

What is the advantage of investing in a consolidated trust?
The Quality of Life Trust is already established. Your cost to enroll in it is much less than the cost to establish an individual trust for your son or daughter. Also, you can invest in this trust with a lower minimum contribution ($25,000) than is usually required to establish an individual trust.

Will the money in my child’s trust account make him ineligible for public benefit programs such as SSI or Medicaid?
No. The Quality of Life Trust has been reviewed by a county court in Douglas County, Nebraska. The court ruled that, according to the law as it existed in 1999, money coming out of the trust for use by your child cannot be considered an asset for purposes of determining eligibility for Developmental Disabilities Services or Medicaid.

How does the Quality of Life Trust differ from any other trust I might set up for my child?
The critical difference between the Quality of Life Trust and any other special needs trust is that this trust will be used to provide a unique set of services specially designed by you. These services are meant to continue, after your death, the advocacy and companionship that you have always provided your child. Your trust will pay for people working through the Ollie Webb Center to provide services to your child.

Who is the trustee of the Quality of Life Trust?
The trustee is First National Bank of Omaha. First National is a highly respected, local banking institution that has operated in Omaha since 1857.

Who decides what services my child gets?
You do. You and any other family members you choose, along with staff from the Ollie Webb Center, will write a Quality of Life Plan for your child which will specifically describe what kinds of activities you want the trust to provide.

Who will provide the services?
Ollie Webb Center, Inc. will hire independent contractors who will provide the services in the Quality of Life Plan. A subcommittee of the Ollie Webb Center, Inc. Board of Directors will regularly review the Quality of Life Plan to make sure that the plan is being carried out.

How will my child’s account pay for these services?
Ollie Webb Center, Inc. will pay the contractor for services and expenses and will submit a bill to the First National Bank for reimbursement from your child’s account.

What fees are charged to those enrolled in the Quality of Life Trust? There are three kinds of fees: an enrollment fee, a renewal fee, and administrative fees. The enrollment fee of $350 is a onetime fee paid when the donor enrolls in the Quality of Life Trust. A renewal fee of $50 per hour is paid each time the Quality of Life Plan is reviewed and updated with the family. The Quality of Life Plan must be reviewed and updated at least every three years and more often at the family’s request. Administrative fees are charged on a monthly basis after your child’s account is activated. They will be paid out of your child’s account.

Does Ollie Webb Center, Inc. assume guardianship of my son or daughter?
No. If your son or daughter needs a guardian, someone other than the Ollie Webb Center must be chosen.

How much money should I leave to the trust?
That will be determined by the Quality of Life Plan. Staff from Ollie Webb Center, Inc. will estimate the cost of implementing your Quality of Life Plan based on current actuarial information and projected cost of living increases. \

What if my child lives longer than expected and his account runs out of money?
When the money in your account is gone, services to your child will end.

When my child dies, what happens to money remaining in his trust account?
While the intent is to spend the entire amount in the account during your child’s lifetime, some beneficiaries will have money remaining at the time of their death. The remaining money will be distributed according to the remainderman scale in the Master Trust Agreement.