Trusts (Resource) SR 13-36 Dated 11/13 (MAM-A) |
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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 is any type of arrangement, instrument, or device that may or may not be called a trust. 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. See:
Trusts Using the Assets of the Individual or Spouse,