TRUSTS (AAM)

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Trusts or similar legal devices contain funds held in trust for the benefit of an assistance group member. A similar legal device may or may not qualify under state law as a trust.

Treatment of trusts as a resource differs depending on the nature of the trust, when the trust was established and by whom, and whose assets were used to establish the trust.

For more information, refer to the following sections:

Trusts Using the Assets of the Individual or Spouse,

Trusts Using the Assets of Other Parties, and Special Needs Trusts.

NOTE: All trusts must be forwarded to DHHS.trustdept@dhhs.nh.gov for review. The Trust Department will determine whether the trust is countable as a resource, or any disbursements are countable as income.

References:  He-W 601.07; He-W 601.08; He-W 656.04; RSA 167:4