Creating Premier Service in Tennessee for Individuals with
Disabilities Seeking To Fund Their Own Trust
CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Southeastern Trust Company, a division of Atlantic Capital Bank, N.A.
announced today the establishment of a new special needs pooled trust,
“Friends of Special Children (FOSC) Tennessee Pooled Trust” in
partnership with Friends of Special Children, a 501(c)(3), non-profit
The trust allows special needs individuals in Tennessee who receive
public benefits to keep their benefits in the event they receive funds
from a settlement or inheritance. The settlement or inheritance is
placed in a sub-account within the pooled trust and the trustee has
discretion over disbursements. The trustee discretion allows the special
needs beneficiary to continue receiving their benefits while using the
trust funds for their supplemental needs.
“We are delighted to partner with Friends of Special Children to launch
a new pooled trust, which offers families in Tennessee an alternative
option for helping their loved ones reach lifelong independence,” said
Bart Rolen, Managing Director, Southeastern Trust Company. “Our staff
has over 120 years of combined trust and wealth management experience,
we can help families and individuals navigate the complex rules
associated with government benefits and eligibility guidelines.”
Southeastern Trust Company will manage the client and beneficiary
financial assets as the Operating Trustee for the pooled trust. The new
pooled trust option for people with disabilities and their loved ones,
offers financial oversight and guidance, long-range planning strategies,
compassionate and individualized care management, and specialized trust
“We are thrilled with this partnership with Southeastern Trust Company
to establish Friends of Special Children (FOSC) Tennessee Pooled Trust.
This provides a tremendous opportunity to help improve the lives of
those with special needs in our community,” stated Anne Stone, President
of Friends of Special Children. Friends of Special Children is the
Managing Trustee for the pooled trust.
FOSC Tennessee Pooled Trust also performs as an estate planning tool for
those with special needs children or relations.
“The Chambliss firm was pleased to donate its time pro bono for the
creation of this important trust, the first of its kind in our part of
the State, which will serve special needs persons, elders and their
families,” said Chambliss attorney Leah McElmoyl.
For more information about FOSC Tennessee Pooled Trust, or to consult
with us about setting up a trust for yourself or a family member, please
call 423-668-3073 or visit us on the web at www.tnpooledtrust.org.
About Southeastern Trust Company, a division of Atlantic
Capital Bank, N.A.
Southeastern Trust Company is a division of Atlantic Capital Bank, N.A.,
which is a division of Atlantic Capital Bancshares, a $2.6 billion
publicly traded bank holding company headquartered in Atlanta, Georgia.
Southeastern Trust offers a variety of Trust and Estate, Investment
Management and Special Needs Trust Services. The firm provides a family
office style approach for clients and is staffed by a team of advisors
with over 100 years of industry experience. For more information, visit
our website at www.setrustco.com.
About Friends of Special Children (FOSC)
Friends of Special Children in Chattanooga is a 501(c)(3) non-profit
organization, dedicated to helping children with special needs since
2003. FOSC supports Signal Centers whose mission is to strengthen
children, adults and families through services focusing on disabilities,
early childhood education and self-sufficiency. Signal Centers’ school
and services support over 120 children with disabilities and 55
geriatric and/or disabled adults. www.friendsofspecialchildren.org
Southeastern Trust Company, a division of Atlantic Capital Bank, N.A.
Bart Rolen, 423-308-6492
Executive Vice President
of Special Children
Anne M. Stone, 423-421-0623
Bahner & Stophel
Aricia C. Gallaher, 423-321-0313
and Business Development Director