diff --git a/include/boost/sml.hpp b/include/boost/sml.hpp
index 599617f1..f813a03d 100644
--- a/include/boost/sml.hpp
+++ b/include/boost/sml.hpp
@@ -725,6 +725,17 @@ template <class T>
 constexpr T *try_get(const pool_type<T *> *object) {
   return object->value;
 }
+// When a pointer dep is passed as an lvalue the forwarding constructor wraps
+// it in T*& (reference-to-pointer).  Strip the reference so the pool init
+// constructor can find the stored value. (#485)
+template <class T>
+constexpr T *try_get(const pool_type<T *&> *object) {
+  return object->value;
+}
+template <class T>
+constexpr const T *try_get(const pool_type<const T *&> *object) {
+  return object->value;
+}
 template <class T, class TPool>
 constexpr bool would_instantiate_missing_ctor_parameter() {
   return is_same<missing_ctor_parameter<T>, decltype(try_get<T>(aux::declval<TPool>()))>::value;
diff --git a/test/ft/dependencies.cpp b/test/ft/dependencies.cpp
index 63bc07fe..f7bfd645 100644
--- a/test/ft/dependencies.cpp
+++ b/test/ft/dependencies.cpp
@@ -396,3 +396,51 @@ test ref_dep_copy_from_pool_not_dangling = [] {
   // verifying the dep reference is valid (not dangling).
   sm.process_event(e2{});
 };
+
+// Issue #485: passing a pointer dependency as an lvalue caused the SM to store
+// nullptr instead of the actual pointer.  Root cause: forwarding reference
+// deduction wraps a T* lvalue as T*&; the pool init constructor's try_get
+// lookup had no overload for pool_type<T*&>*, so it fell through to the
+// missing_ctor_parameter catch-all which returned nullptr.
+// Fix: add try_get overloads for reference-to-pointer types (T*& and const T*&).
+struct dep485 {
+  int val = 42;
+};
+
+test pointer_dep_lvalue_not_null = [] {
+  struct c {
+    auto operator()() noexcept {
+      using namespace sml;
+      // action takes non-const pointer: Dep*
+      auto action = [](dep485* d) { expect(d != nullptr); expect(42 == d->val); };
+      // clang-format off
+      return make_transition_table(*idle + event<e1> / action = X);
+      // clang-format on
+    }
+  };
+
+  dep485 dep;
+  dep485* ptr = &dep;  // lvalue pointer — was getting stored as nullptr before the fix
+  sml::sm<c> sm{ptr};
+  sm.process_event(e1{});
+  expect(sm.is(sml::X));
+};
+
+test const_pointer_dep_lvalue_not_null = [] {
+  struct c {
+    auto operator()() noexcept {
+      using namespace sml;
+      // action takes const pointer: const Dep*
+      auto action = [](const dep485* d) { expect(d != nullptr); expect(42 == d->val); };
+      // clang-format off
+      return make_transition_table(*idle + event<e1> / action = X);
+      // clang-format on
+    }
+  };
+
+  dep485 dep;
+  dep485* ptr = &dep;  // non-const Dep* lvalue: should be implicitly convertible to const Dep*
+  sml::sm<c> sm{ptr};
+  sm.process_event(e1{});
+  expect(sm.is(sml::X));
+};