TRUSTS USING THE ASSETS OF OTHER PARTIES (FAM)

SR 14-04 Dated 01/14

Previous Policy

___________________________________________________________

Trusts or similar legal devices established by another party, regardless of date of establishment, using that party’s assets, such as trusts established by will.

Treatment: Countable resource to the extent that the assistance group member has access to the principal of the trust. All trusts must be forwarded to State Office for a trust review. State Office will determine whether the trust is countable as a resource, or any disbursements are countable as income.

See also Inaccessible Resources