ABOUT THE MTPD
Federal law allows individuals with disabilities to have a special type of trust that can hold funds to pay for the individual's supplemental needs without disqualifying him or her from essential government benefits, such as Medicaid and SSI. This type of trust is usually called a "special needs trust". The Maine Trust for People with Disabilities (known as "MTPD") is Maine's only pooled special needs trust that has been established in compliance with federal law to give Maine residents a convenient and economical way to open a trust account for a family member who has a disability. Individuals who are residents of Maine and who are diagnosed with a developmental disability or a traumatic brain injury can qualify to be beneficiaries of the MTPD.
WHO WE ARE
The key groups that administer the MTPD are:
- The Trust Sponsor - manages the daily operations of the MTPD. The members of the Board are appointed by the sponsoring nonprofit corporation and are drawn from a wide range of professions and families interested in assisting individuals with disabilities.
- Norway Savings Bank of Maine - serves as trustee of the MTPD.
- Maine Social Service Agencies - various social service agencies throughout Maine have agreed to assist Maine families in completing and submitting an application to open an account with MTPD for individuals with disabilities.
- Old Port Pension Administrators - provides bookkeeping and financial data administrative services.